Distribution Solutions Group (NASDAQ:DSGR) Given “Outperform” Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $44.00 target price on the stock.

Distribution Solutions Group Stock Performance

Shares of NASDAQ DSGR opened at $30.54 on Tuesday. Distribution Solutions Group has a 52-week low of $27.58 and a 52-week high of $41.47. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $31.85 and its 200-day moving average price is $35.74. The company has a market cap of $1.42 billion, a PE ratio of 763.69 and a beta of 0.92.

Hedge Funds Weigh In On Distribution Solutions Group

Several institutional investors have recently made changes to their positions in the business. JT Stratford LLC bought a new stake in Distribution Solutions Group during the fourth quarter valued at about $207,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Distribution Solutions Group by 96.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,080 shares of the company’s stock worth $656,000 after buying an additional 9,387 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Distribution Solutions Group by 7.5% in the 4th quarter. Nuveen Asset Management LLC now owns 31,286 shares of the company’s stock worth $1,076,000 after buying an additional 2,170 shares during the period. Millennium Management LLC bought a new stake in shares of Distribution Solutions Group in the 4th quarter valued at about $246,000. Finally, Deutsche Bank AG increased its holdings in shares of Distribution Solutions Group by 53.8% in the 4th quarter. Deutsche Bank AG now owns 10,162 shares of the company’s stock valued at $350,000 after acquiring an additional 3,555 shares during the period. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Company Profile

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.