Schwartz Investment Counsel Inc. Boosts Stock Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Schwartz Investment Counsel Inc. boosted its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,000 shares of the company's stock after buying an additional 26,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.32% of Distribution Solutions Group worth $5,854,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DSGR. Dimensional Fund Advisors LP increased its holdings in shares of Distribution Solutions Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company's stock valued at $27,457,000 after acquiring an additional 14,059 shares in the last quarter. Vanguard Group Inc. increased its stake in Distribution Solutions Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 586,652 shares of the company's stock valued at $20,814,000 after purchasing an additional 8,745 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Distribution Solutions Group by 12.5% in the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company's stock worth $3,612,000 after buying an additional 13,400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Distribution Solutions Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company's stock worth $1,305,000 after buying an additional 5,309 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Distribution Solutions Group in the first quarter worth approximately $1,134,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Distribution Solutions Group Stock Performance

DSGR traded up $0.26 during midday trading on Friday, hitting $39.33. 29,649 shares of the company traded hands, compared to its average volume of 52,816. The company's 50-day moving average is $37.48 and its 200 day moving average is $34.34. The company has a quick ratio of 1.28, a current ratio of 2.50 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.84 billion, a PE ratio of -87.40 and a beta of 0.97. Distribution Solutions Group, Inc. has a 52 week low of $22.91 and a 52 week high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. The company had revenue of $439.54 million for the quarter, compared to the consensus estimate of $437.40 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, research analysts expect that Distribution Solutions Group, Inc. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DSGR. Barrington Research boosted their price objective on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Stephens restated an "overweight" rating and issued a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday, August 5th.

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.