Fri Sep 20 07:12:56 UTC 2024: ## Bank of New York Mellon Increases Stake in Distribution Solutions Group

**New York, NY -** Bank of New York Mellon Corp (BNY Mellon) has boosted its position in Distribution Solutions Group, Inc. (DSGR) by 13.9% in the second quarter, according to the company’s latest SEC filing. The fund now owns 43,489 shares of DSGR, valued at $1,305,000.

This investment comes amidst a flurry of activity from other major institutional investors. Inspire Advisors LLC, PAX Financial Group LLC, Dimensional Fund Advisors LP, Inspire Investing LLC, and Vanguard Group Inc. have all made significant adjustments to their DSGR holdings in recent quarters. In total, hedge funds and other institutional investors own 91.64% of DSGR stock.

DSGR stock opened at $38.50 on Friday, with a 1-year low of $22.91 and a 1-year high of $38.87. The company has a market cap of $1.80 billion and a price-to-earnings ratio of -91.67.

Analysts remain optimistic about DSGR’s future. Barrington Research recently increased their target price to $43.00, giving the stock an “outperform” rating. Stephens also reaffirmed an “overweight” rating and set a price target of $42.00.

Distribution Solutions Group, Inc. specializes in value-added distribution solutions across the globe, serving the maintenance, repair, and operations (MRO), original equipment manufacturer (OEM), and industrial technology markets.

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