Macquarie Group Ltd. Takes Position in Systemax Inc. (SYX)

Macquarie Group Ltd. purchased a new stake in Systemax Inc. (NYSE:SYX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,501 shares of the company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Systemax in the 1st quarter valued at about $170,000. Hartford Investment Management Co. acquired a new stake in Systemax in the 2nd quarter valued at about $206,000. Nisa Investment Advisors LLC lifted its holdings in Systemax by 46.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the company’s stock valued at $216,000 after acquiring an additional 2,000 shares during the last quarter. Barclays PLC lifted its holdings in Systemax by 235.0% in the 1st quarter. Barclays PLC now owns 6,432 shares of the company’s stock valued at $184,000 after acquiring an additional 4,512 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Systemax in the 2nd quarter valued at about $278,000. 28.81% of the stock is owned by institutional investors.

NYSE SYX opened at $28.77 on Friday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 22.13 and a beta of 0.25. Systemax Inc. has a 1 year low of $26.67 and a 1 year high of $47.75.

Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $363.10 million for the quarter. Systemax had a return on equity of 26.57% and a net margin of 5.69%. Equities analysts expect that Systemax Inc. will post 1.22 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. William Blair assumed coverage on shares of Systemax in a report on Wednesday, August 29th. They issued a “market perform” rating for the company. Sidoti raised shares of Systemax from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, August 22nd. They noted that the move was a valuation call.

In other Systemax news, VP Thomas Axmacher sold 5,004 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $39.07, for a total transaction of $195,506.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Kipe sold 1,430 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $40.05, for a total value of $57,271.50. Following the sale, the senior vice president now owns 857 shares in the company, valued at approximately $34,322.85. The disclosure for this sale can be found here. 69.00% of the stock is currently owned by insiders.

Systemax Company Profile

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.

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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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