Distribution Solutions Group, Inc. (NASDAQ:DSGR) Stake Lessened by Covey Capital Advisors LLC

Covey Capital Advisors LLC decreased its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 14.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,206 shares of the company’s stock after selling 3,021 shares during the quarter. Distribution Solutions Group accounts for approximately 0.8% of Covey Capital Advisors LLC’s holdings, making the stock its 27th biggest position. Covey Capital Advisors LLC’s holdings in Distribution Solutions Group were worth $701,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in Distribution Solutions Group by 12.5% during the 2nd quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $3,612,000 after acquiring an additional 13,400 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Distribution Solutions Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock valued at $27,457,000 after purchasing an additional 14,059 shares in the last quarter. Schwartz Investment Counsel Inc. increased its stake in Distribution Solutions Group by 20.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock valued at $5,854,000 after buying an additional 26,000 shares during the period. Vanguard Group Inc. lifted its position in Distribution Solutions Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock worth $20,814,000 after buying an additional 8,745 shares in the last quarter. Finally, 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 valued at $335,000 after buying an additional 406 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DSGR shares. Stephens reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday, August 5th. Barrington Research upped their target price on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

Distribution Solutions Group Price Performance

NASDAQ DSGR opened at $39.20 on Friday. The company has a 50 day moving average price of $38.72 and a two-hundred day moving average price of $35.16. Distribution Solutions Group, Inc. has a 12-month low of $25.03 and a 12-month high of $41.47. The stock has a market capitalization of $1.84 billion, a PE ratio of 980.00 and a beta of 0.96. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data 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). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The business had revenue of $468.02 million during the quarter, compared to the consensus estimate of $469.80 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, equities analysts predict that Distribution Solutions Group, Inc. will post 1.36 earnings per share for the current fiscal year.

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.