Schwartz Investment Counsel Inc. Increases Stock Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Schwartz Investment Counsel Inc. grew its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 20.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,000 shares of the company’s stock after acquiring an additional 26,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Distribution Solutions Group were worth $5,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Distribution Solutions Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after acquiring an additional 406 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Distribution Solutions Group by 8.6% during the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after buying an additional 676 shares during the last quarter. Rhumbline Advisers increased its stake in Distribution Solutions Group by 11.1% in the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after buying an additional 1,398 shares during the period. California State Teachers Retirement System increased its stake in shares of Distribution Solutions Group by 15.7% during the first quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock valued at $409,000 after buying an additional 1,563 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Distribution Solutions Group during the 3rd quarter worth $150,000. 91.64% of the stock is owned by institutional investors.

Distribution Solutions Group Stock Up 0.2 %

Distribution Solutions Group stock opened at $39.07 on Friday. The stock has a 50-day simple moving average of $37.39 and a 200-day simple moving average of $34.32. The company has a market capitalization of $1.83 billion, a P/E ratio of -93.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 2.50. Distribution Solutions Group, Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. Distribution Solutions Group had a positive return on equity of 7.42% and a negative net margin of 1.25%. The firm had revenue of $439.54 million during the quarter, compared to the consensus estimate of $437.40 million. During the same period last year, the company earned $0.26 earnings per share. Equities research analysts expect that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barrington Research raised their price target on Distribution Solutions Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday, August 5th.

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.