Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 342.0% in the third quarter, HoldingsChannel.com reports. The institutional investor 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 large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew 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 acquiring an additional 14,059 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its position in shares of Distribution Solutions Group by 20.6% during the 3rd 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. Renaissance Technologies LLC grew its stake in shares of Distribution Solutions Group by 12.5% during the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $3,612,000 after purchasing an additional 13,400 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 valued at $1,305,000 after buying an additional 5,309 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised 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 buying an additional 2,569 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Distribution Solutions Group Price Performance

Shares of DSGR opened at $34.40 on Thursday. 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, Inc. has a 1-year low of $28.00 and a 1-year high of $41.47. The stock has a market cap of $1.61 billion, a PE ratio of 860.22 and a beta of 0.94. The firm has a fifty day moving average price of $38.04 and a 200 day moving average price of $35.79.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results 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). The firm had revenue of $468.02 million during the quarter, compared to analyst estimates of $469.80 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. During the same period last year, the company earned $0.17 earnings per share. As a group, sell-side analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research increased their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th.

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.