Bank of New York Mellon Corp Sells 751 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Bank of New York Mellon Corp trimmed its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,382 shares of the company’s stock after selling 751 shares during the period. Bank of New York Mellon Corp owned 0.08% of Distribution Solutions Group worth $1,217,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its holdings in Distribution Solutions Group by 342.0% in the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after purchasing an additional 13,159 shares in the last quarter. Swedbank AB increased its stake in shares of Distribution Solutions Group by 1.7% in the fourth quarter. Swedbank AB now owns 661,292 shares of the company’s stock valued at $22,748,000 after buying an additional 11,292 shares during the period. The Manufacturers Life Insurance Company bought a new position in Distribution Solutions Group in the 3rd quarter valued at approximately $251,000. Catawba River Capital acquired a new stake in Distribution Solutions Group during the 4th quarter worth approximately $6,249,000. Finally, Schwartz Investment Counsel Inc. grew its holdings in Distribution Solutions Group by 23.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after acquiring an additional 34,892 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Trading Up 1.8 %

NASDAQ:DSGR opened at $29.18 on Tuesday. Distribution Solutions Group, Inc. has a 52 week low of $27.58 and a 52 week high of $41.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The firm’s fifty day moving average is $30.96 and its 200-day moving average is $35.29. The firm has a market cap of $1.36 billion, a P/E ratio of 729.68 and a beta of 0.92.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Distribution Solutions Group in a research note on Tuesday, March 11th.

About Distribution Solutions Group

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.