Connor Clark & Lunn Investment Management Ltd. Purchases 2,569 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 13.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,536 shares of the company’s stock after buying an additional 2,569 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Distribution Solutions Group were worth $829,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Distribution Solutions Group by 1.6% in 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. Vanguard Group Inc. increased its stake in Distribution Solutions Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock valued at $20,814,000 after purchasing an additional 8,745 shares in 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. Renaissance Technologies LLC increased its stake in Distribution Solutions Group by 12.5% in the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $3,612,000 after purchasing an additional 13,400 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Distribution Solutions Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock valued at $1,305,000 after purchasing an additional 5,309 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barrington Research lifted their price target 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. Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of Distribution Solutions Group in a report on Monday, August 5th.

Distribution Solutions Group Stock Up 0.3 %

Shares of NASDAQ DSGR opened at $39.20 on Friday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 980.25 and a beta of 0.96. The company has a 50-day moving average price of $38.71 and a 200-day moving average price of $35.13. Distribution Solutions Group, Inc. has a 1 year low of $25.03 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55.

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). The business 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 quarter in the prior year, the business earned $0.17 earnings per share. On average, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.39 EPS 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.