Zurcher Kantonalbank Zurich Cantonalbank Invests $87,000 in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,247 shares of the company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schwartz Investment Counsel Inc. boosted its holdings in shares of 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. Dimensional Fund Advisors LP boosted its holdings in shares of Distribution Solutions Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock valued at $27,457,000 after buying an additional 14,059 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Distribution Solutions Group by 12.5% in the 2nd quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $3,612,000 after buying an additional 13,400 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Distribution Solutions Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock valued at $20,814,000 after buying an additional 8,745 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Distribution Solutions Group in the 3rd quarter valued at about $251,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted their target price on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

Distribution Solutions Group Trading Down 0.3 %

Distribution Solutions Group stock opened at $39.41 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $38.92 and a two-hundred day moving average price of $35.34. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 985.50 and a beta of 0.94. Distribution Solutions Group, Inc. has a 52-week low of $26.63 and a 52-week high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR) last posted 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 for 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 in the previous year, the firm earned $0.17 earnings per share. Sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current 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.