Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Purchased by Swedbank AB

Swedbank AB lifted its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 661,292 shares of the company's stock after purchasing an additional 11,292 shares during the period. Swedbank AB owned about 1.41% of Distribution Solutions Group worth $22,748,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Distribution Solutions Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company's stock worth $27,457,000 after buying an additional 14,059 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in Distribution Solutions Group by 20.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company's stock worth $5,854,000 after purchasing an additional 26,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 worth $829,000 after purchasing an additional 2,569 shares during the period. Barclays PLC increased its stake in Distribution Solutions Group by 342.0% during 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. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Distribution Solutions Group during the third quarter worth $251,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

Shares of DSGR stock traded down $1.02 during trading hours on Monday, reaching $31.24. The stock had a trading volume of 22,567 shares, compared to its average volume of 45,110. The firm has a 50-day simple moving average of $35.98 and a 200-day simple moving average of $36.42. Distribution Solutions Group, Inc. has a twelve month low of $28.00 and a twelve month high of $41.47. The firm has a market capitalization of $1.46 billion, a PE ratio of 782.32 and a beta of 0.95. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $469.80 million. During the same period last year, the company earned $0.17 earnings per share. As a group, equities analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their price target on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th.

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.