Charles Schwab Investment Management Inc. Has $3.11 Million Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Charles Schwab Investment Management Inc. lessened its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 6.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,849 shares of the company’s stock after selling 5,553 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Distribution Solutions Group were worth $3,113,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Distribution Solutions Group by 13.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock valued at $829,000 after acquiring an additional 2,569 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in 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 purchasing an additional 26,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Distribution Solutions Group in the third quarter worth $150,000. Renaissance Technologies LLC boosted its position in shares of Distribution Solutions Group by 12.5% during the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $3,612,000 after purchasing an additional 13,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research lifted their target price on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th.

Distribution Solutions Group Price Performance

NASDAQ DSGR opened at $38.50 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 962.50 and a beta of 0.94. The business has a 50 day simple moving average of $38.98 and a 200 day simple moving average of $35.42. Distribution Solutions Group, Inc. has a 52-week low of $28.00 and a 52-week high of $41.47.

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 the consensus estimate of $0.40 by ($0.03). The company had revenue of $468.02 million for the quarter, compared to the consensus estimate of $469.80 million. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. During the same period in the prior year, the company earned $0.17 EPS. Analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 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.