Shares of Systemax Inc. (NYSE:SYX) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $22.00 for the company, according to Zacks. Zacks has also given Systemax an industry rank of 252 out of 265 based on the ratings given to related companies.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Systemax by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,340,363 shares of the company’s stock worth $35,427,000 after purchasing an additional 14,552 shares during the period. BlackRock Inc. increased its position in Systemax by 2.4% during the 4th quarter. BlackRock Inc. now owns 738,147 shares of the company’s stock worth $24,559,000 after purchasing an additional 16,964 shares during the period. State Street Corp increased its position in Systemax by 22.9% during the 2nd quarter. State Street Corp now owns 205,907 shares of the company’s stock worth $3,872,000 after purchasing an additional 38,352 shares during the period. Bank of New York Mellon Corp increased its position in Systemax by 24.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 190,341 shares of the company’s stock worth $5,030,000 after purchasing an additional 37,129 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Systemax by 61.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 166,314 shares of the company’s stock worth $5,533,000 after purchasing an additional 63,386 shares during the period. Institutional investors own 27.77% of the company’s stock.
SYX traded up $0.66 on Tuesday, hitting $29.05. 116,548 shares of the company traded hands, compared to its average volume of 99,154. The company has a market cap of $1,054.69, a PE ratio of 21.89 and a beta of 0.25. Systemax has a 12-month low of $11.66 and a 12-month high of $34.91.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, February 27th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Systemax had a return on equity of 22.15% and a net margin of 3.19%. The company had revenue of $330.60 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 9th were given a dividend of $0.11 per share. This is a boost from Systemax’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, March 8th. This represents a $0.44 annualized dividend and a yield of 1.51%.
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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