Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,386 shares of the company’s stock after purchasing an additional 537 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.17% of Distribution Solutions Group worth $2,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DSGR. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Distribution Solutions Group during the 3rd quarter worth approximately $87,000. SG Americas Securities LLC increased its stake in shares of Distribution Solutions Group by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock worth $170,000 after acquiring an additional 1,046 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Distribution Solutions Group by 21.6% during the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after purchasing an additional 891 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Distribution Solutions Group during the third quarter valued at $251,000. Finally, Barclays PLC boosted its holdings in Distribution Solutions Group by 342.0% in the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after purchasing an additional 13,159 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Distribution Solutions Group Trading Down 1.1 %

Distribution Solutions Group stock opened at $28.20 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 705.18 and a beta of 0.92. Distribution Solutions Group, Inc. has a 12 month low of $27.58 and a 12 month high of $41.47. The stock’s 50 day simple moving average is $30.63 and its two-hundred day simple moving average is $35.16. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03.

Distribution Solutions Group 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.