King Luther Capital Management Corp increased its holdings in shares of Systemax Inc. (NYSE:SYX) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 810,734 shares of the company’s stock after acquiring an additional 20,225 shares during the period. King Luther Capital Management Corp’s holdings in Systemax were worth $27,832,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Investment Management Co. acquired a new stake in Systemax during the second quarter worth approximately $206,000. California Public Employees Retirement System grew its stake in Systemax by 24.1% in the first quarter. California Public Employees Retirement System now owns 46,523 shares of the company’s stock valued at $1,328,000 after acquiring an additional 9,027 shares during the period. Prudential Financial Inc. grew its stake in Systemax by 85.7% in the first quarter. Prudential Financial Inc. now owns 91,802 shares of the company’s stock valued at $2,621,000 after acquiring an additional 42,371 shares during the period. Algert Global LLC acquired a new stake in Systemax in the second quarter valued at approximately $413,000. Finally, Chicago Equity Partners LLC grew its stake in Systemax by 19.9% in the second quarter. Chicago Equity Partners LLC now owns 102,667 shares of the company’s stock valued at $3,525,000 after acquiring an additional 17,073 shares during the period. 28.81% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on SYX. Sidoti reissued a “neutral” rating on shares of Systemax in a research note on Wednesday, June 27th. William Blair began coverage on Systemax in a research note on Wednesday, August 29th. They issued a “market perform” rating for the company.
Shares of Systemax stock opened at $36.51 on Friday. Systemax Inc. has a 52 week low of $23.63 and a 52 week high of $47.75. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.08 and a beta of 0.22.
Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Systemax had a return on equity of 26.57% and a net margin of 5.69%. The firm had revenue of $363.10 million during the quarter. equities research analysts expect that Systemax Inc. will post 1.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, August 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. Systemax’s dividend payout ratio (DPR) is presently 33.85%.
In related news, VP Thomas Axmacher sold 5,004 shares of Systemax stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $39.07, for a total transaction of $195,506.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Kipe sold 1,430 shares of Systemax stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $40.05, for a total value of $57,271.50. Following the transaction, the senior vice president now directly owns 857 shares in the company, valued at approximately $34,322.85. The disclosure for this sale can be found here. Company insiders own 69.00% of the company’s stock.
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
Further Reading: Return on Investment (ROI) Defined, Explained
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