Systemax Inc. (NYSE:SYX) Director Lawrence P. Reinhold sold 1,485 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $25.00, for a total transaction of $37,125.00. Following the completion of the sale, the director now directly owns 162,289 shares of the company’s stock, valued at approximately $4,057,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE SYX traded up $0.13 on Tuesday, hitting $25.31. 170 shares of the company were exchanged, compared to its average volume of 59,525. The company’s 50 day moving average price is $23.83 and its 200-day moving average price is $22.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.77 and a quick ratio of 1.17. The firm has a market capitalization of $956.29 million, a P/E ratio of 20.40 and a beta of 0.11. Systemax Inc. has a twelve month low of $18.49 and a twelve month high of $26.57.
Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $243.90 million for the quarter, compared to analyst estimates of $252.00 million. Systemax had a return on equity of 33.72% and a net margin of 5.32%. As a group, equities analysts expect that Systemax Inc. will post 1.23 EPS for the current year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Systemax from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet raised shares of Systemax from a “c+” rating to a “b-” rating in a report on Wednesday, October 2nd.
Several institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC increased its holdings in shares of Systemax by 124.8% in the 3rd quarter. Squarepoint Ops LLC now owns 31,478 shares of the company’s stock valued at $693,000 after purchasing an additional 17,478 shares during the period. State Street Corp increased its holdings in shares of Systemax by 2.4% in the 3rd quarter. State Street Corp now owns 331,294 shares of the company’s stock valued at $7,292,000 after purchasing an additional 7,893 shares during the period. Bartlett & Co. LLC acquired a new position in shares of Systemax in the 3rd quarter valued at about $26,000. California Public Employees Retirement System increased its holdings in shares of Systemax by 12.9% in the 3rd quarter. California Public Employees Retirement System now owns 20,623 shares of the company’s stock valued at $454,000 after purchasing an additional 2,349 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Systemax by 81.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,269 shares of the company’s stock valued at $3,065,000 after purchasing an additional 62,661 shares during the period. Institutional investors own 29.08% of the company’s stock.
Systemax Company Profile
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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