OMERS ADMINISTRATION Corp Invests $1.08 Million in Distribution Solutions Group, Inc. $DSGR

OMERS ADMINISTRATION Corp acquired a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 39,500 shares of the company’s stock, valued at approximately $1,080,000.

Several other hedge funds have also recently added to or reduced their stakes in DSGR. BNP Paribas Financial Markets increased its position in Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after buying an additional 408 shares during the period. Quarry LP acquired a new position in shares of Distribution Solutions Group during the third quarter worth approximately $42,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Distribution Solutions Group in the first quarter valued at approximately $229,000. R Squared Ltd bought a new stake in shares of Distribution Solutions Group in the fourth quarter valued at approximately $238,000. Finally, Millennium Management LLC acquired a new stake in shares of Distribution Solutions Group in the third quarter worth $245,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stephens set a $35.00 target price on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Barrington Research set a $35.00 target price on Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.00.

Get Our Latest Research Report on Distribution Solutions Group

Distribution Solutions Group Stock Up 0.1%

Shares of DSGR stock opened at $34.83 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 183.32 and a beta of 0.54. Distribution Solutions Group, Inc. has a one year low of $19.02 and a one year high of $35.06. The stock has a fifty day moving average price of $31.94 and a 200 day moving average price of $28.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.54 and a quick ratio of 1.39.

Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. The company had revenue of $557.73 million during the quarter, compared to the consensus estimate of $520.75 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. Analysts predict that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current year.

Distribution Solutions Group Profile

(Free Report)

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.

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