Barclays PLC boosted its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 342.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,007 shares of the company's stock after purchasing an additional 13,159 shares during the period. Barclays PLC's holdings in Distribution Solutions Group were worth $654,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DSGR. BNP Paribas Financial Markets raised its stake in shares of Distribution Solutions Group by 21.6% during the 3rd 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 period. Rhumbline Advisers raised its position in Distribution Solutions Group by 11.1% in the second quarter. Rhumbline Advisers now owns 13,986 shares of the company's stock worth $420,000 after acquiring an additional 1,398 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Distribution Solutions Group in the third quarter worth about $87,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Distribution Solutions Group by 13.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company's stock valued at $829,000 after acquiring an additional 2,569 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Distribution Solutions Group during the 3rd quarter valued at approximately $150,000. Institutional investors own 91.64% of the company's stock.
Analysts Set New Price Targets
Separately, Barrington Research lifted their price target on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th.
Get Our Latest Report on DSGR
Distribution Solutions Group Stock Performance
Shares of DSGR stock traded up $0.11 on Friday, hitting $34.30. 29,298 shares of the stock were exchanged, compared to its average volume of 55,418. The firm's 50 day moving average is $36.96 and its two-hundred day moving average is $36.10. Distribution Solutions Group, Inc. has a one year low of $28.00 and a one year high of $41.47. The firm has a market capitalization of $1.61 billion, a PE ratio of 857.71 and a beta of 0.96. 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 (NASDAQ:DSGR - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.03). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The business had revenue of $468.02 million for the quarter, compared to the consensus estimate of $469.80 million. During the same quarter in the prior year, the business earned $0.17 EPS. Sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.
Distribution Solutions Group Profile
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Free Report)
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.
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