KeyBanc analyst Kenneth Newman maintained a Hold rating on Distribution Solutions Group (DSGR – Research Report) today. The company’s shares closed yesterday at $26.28.
According to TipRanks, Newman is a 4-star analyst with an average return of 15.2% and a 65.85% success rate. Newman covers the Industrials sector, focusing on stocks such as Herc Holdings, Distribution Solutions Group, and United Rentals.
Currently, the analyst consensus on Distribution Solutions Group is a Moderate Buy with an average price target of $34.00.
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Based on Distribution Solutions Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $377.98 million and a net profit of $3.02 million. In comparison, last year the company earned a revenue of $321.34 million and had a GAAP net loss of $4.72 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DSGR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Distribution Solutions Group (DSGR) Company Description:
Lawson Products, Inc. engages in distribution of maintenance and repair products to the industrial, commercial, institutional and government market. It operates through Lawson and Bolt segments. The Lawson segment focuses in the large network of sales representatives to visit the customer at the customers’ location and produce sales orders for product that is then shipped to the customer, and also provides vendor managed inventory (VMI) services. The Bolt segment sells product to customers when the customers visit one of Bolt’s 14 branch locations and the product is delivered to the customers at the point of sale. The company was founded by Sidney L. Port in 1952 and is headquartered in Chicago, IL.
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