Distribution Solutions Group (NASDAQ:DSGR) Earns Outperform Rating from Barrington Research

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a report issued on Monday,Benzinga reports. They presently have a $41.00 price objective on the stock. Barrington Research’s price target points to a potential upside of 37.35% from the stock’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Distribution Solutions Group has a consensus rating of “Hold” and a consensus target price of $41.00.

Distribution Solutions Group Stock Performance

DSGR opened at $29.85 on Monday. The company has a 50 day simple moving average of $29.53 and a two-hundred day simple moving average of $29.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.50 and a quick ratio of 1.38. The firm has a market cap of $1.38 billion, a P/E ratio of -129.78 and a beta of 0.51. Distribution Solutions Group has a 1-year low of $21.87 and a 1-year high of $33.80.

Distribution Solutions Group declared that its Board of Directors has authorized a share buyback program on Monday, November 17th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Distribution Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares in the last quarter. Covestor Ltd increased its holdings in shares of Distribution Solutions Group by 27.3% in the third quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after purchasing an additional 478 shares during the last quarter. Barclays PLC lifted its position in shares of Distribution Solutions Group by 8.5% in the fourth quarter. Barclays PLC now owns 15,327 shares of the company’s stock worth $420,000 after buying an additional 1,201 shares in the last quarter. Quarry LP bought a new position in Distribution Solutions Group during the third quarter valued at approximately $42,000. Finally, Inspire Investing LLC grew its holdings in Distribution Solutions Group by 9.9% during the 4th quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock valued at $463,000 after buying an additional 1,517 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.