Swedbank AB Purchases 11,292 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Swedbank AB boosted its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 661,292 shares of the company’s stock after buying an additional 11,292 shares during the quarter. Swedbank AB’s holdings in Distribution Solutions Group were worth $22,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DSGR. Schwartz Investment Counsel Inc. increased its position in shares of Distribution Solutions Group by 20.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock valued at $5,854,000 after acquiring an additional 26,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Distribution Solutions Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock worth $27,457,000 after purchasing an additional 14,059 shares during the last quarter. Barclays PLC increased its holdings in Distribution Solutions Group by 342.0% during the 3rd 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 period. The Manufacturers Life Insurance Company bought a new position in Distribution Solutions Group during the 3rd quarter valued at approximately $251,000. Finally, SG Americas Securities LLC purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $150,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Trading Up 0.1 %

NASDAQ:DSGR opened at $32.98 on Friday. Distribution Solutions Group, Inc. has a 12 month low of $28.00 and a 12 month high of $41.47. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $36.10 and a 200-day moving average price of $36.37. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 824.71 and a beta of 0.96.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The firm had revenue of $468.02 million for the quarter, compared to the consensus estimate of $469.80 million. During the same period in the previous year, the firm posted $0.17 earnings per share. Equities analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research upped their target price on 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 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.