Credit Industriel ET Commercial Takes Position in Distribution Solutions Group, Inc. $DSGR

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

A number of other large investors have also bought and sold shares of the business. Highlander Partners L.P. bought a new position in Distribution Solutions Group in the 4th quarter valued at $2,353,000. Agman Capital LLC acquired a new stake in shares of Distribution Solutions Group in the fourth quarter valued at $4,954,000. Wells Fargo & Company MN raised its holdings in shares of Distribution Solutions Group by 74.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,746 shares of the company’s stock valued at $294,000 after buying an additional 4,583 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Distribution Solutions Group in the third quarter valued at about $250,000. Finally, Millennium Management LLC acquired a new position in Distribution Solutions Group during the 3rd quarter worth about $245,000. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Trading Up 0.4%

DSGR stock opened at $27.17 on Tuesday. Distribution Solutions Group, Inc. has a 52 week low of $19.02 and a 52 week high of $33.80. The company has a market capitalization of $1.26 billion, a PE ratio of 225.46 and a beta of 0.56. The company’s 50-day simple moving average is $27.39 and its 200 day simple moving average is $27.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63.

Distribution Solutions Group (NASDAQ:DSGR) last issued 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 business had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. As a group, sell-side analysts anticipate that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DSGR shares. Weiss Ratings raised Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Barrington Research cut their price objective on shares of Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Stephens reiterated an “overweight” rating and issued a $36.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Finally, Zacks Research lowered Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Distribution Solutions Group currently has a consensus rating of “Hold” and a consensus target price of $34.50.

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.