31,850 Shares in Distribution Solutions Group, Inc. $DSGR Purchased by Credit Industriel ET Commercial

Credit Industriel ET Commercial bought a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,850 shares of the company’s stock, valued at approximately $836,000. Credit Industriel ET Commercial owned 0.07% of Distribution Solutions Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DSGR. BNP Paribas Financial Markets grew its stake in shares of Distribution Solutions Group by 53.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the period. Quarry LP purchased a new position in shares of Distribution Solutions Group in the 3rd quarter worth about $42,000. Tudor Investment Corp ET AL purchased a new stake in shares of Distribution Solutions Group during the 3rd quarter worth about $226,000. Millennium Management LLC acquired a new stake in Distribution Solutions Group during the 3rd quarter worth approximately $245,000. Finally, PharVision Advisers LLC purchased a new position in Distribution Solutions Group in the third quarter valued at approximately $250,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Trading Up 0.4%

Shares of DSGR stock opened at $27.17 on Tuesday. Distribution Solutions Group, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $33.80. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $27.39 and a 200 day simple moving average of $27.73. The stock has a market capitalization of $1.26 billion, a P/E ratio of 225.46 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. On average, sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

DSGR has been the subject of several research reports. Barrington Research decreased their price objective on shares of Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Zacks Research lowered Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Finally, Stephens restated an “overweight” rating and issued a $36.00 target price on shares of Distribution Solutions Group in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Distribution Solutions Group currently has an average rating of “Hold” and a consensus price target of $34.50.

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. 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.