BlackRock Inc. Acquires 16,964 Shares of Systemax Inc. (SYX)

BlackRock Inc. boosted its position in Systemax Inc. (NYSE:SYX) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 738,147 shares of the company’s stock after purchasing an additional 16,964 shares during the period. BlackRock Inc.’s holdings in Systemax were worth $24,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Systemax by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,340,363 shares of the company’s stock valued at $35,427,000 after purchasing an additional 14,552 shares during the period. Bank of New York Mellon Corp lifted its position in Systemax by 24.2% in the third quarter. Bank of New York Mellon Corp now owns 190,341 shares of the company’s stock valued at $5,030,000 after purchasing an additional 37,129 shares during the period. Chicago Equity Partners LLC lifted its position in Systemax by 16.1% in the fourth quarter. Chicago Equity Partners LLC now owns 79,033 shares of the company’s stock valued at $2,629,000 after purchasing an additional 10,941 shares during the period. James Investment Research Inc. acquired a new stake in Systemax in the fourth quarter valued at about $2,253,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Systemax by 29.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 60,646 shares of the company’s stock valued at $1,603,000 after purchasing an additional 13,647 shares during the period. Hedge funds and other institutional investors own 27.77% of the company’s stock.

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Shares of NYSE:SYX opened at $28.26 on Friday. The stock has a market capitalization of $1,062.47, a P/E ratio of 22.05 and a beta of 0.25. Systemax Inc. has a 52 week low of $11.69 and a 52 week high of $34.91.

Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The firm had revenue of $330.60 million during the quarter. Systemax had a net margin of 3.19% and a return on equity of 22.15%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 9th were given a $0.11 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. This is an increase from Systemax’s previous quarterly dividend of $0.10.

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Systemax Company Profile

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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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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