Systemax Inc. (SYX) Receives Average Recommendation of “Hold” from Analysts

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Systemax Inc. (NYSE:SYX) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price target of $36.00 for the company, according to Zacks. Zacks has also given Systemax an industry rank of 203 out of 255 based on the ratings given to related companies.

Separately, Sidoti reiterated a “neutral” rating on shares of Systemax in a research note on Wednesday.

Systemax stock traded up $0.46 during mid-day trading on Friday, hitting $34.77. 57,500 shares of the company were exchanged, compared to its average volume of 91,845. Systemax has a 1-year low of $17.33 and a 1-year high of $40.03. The firm has a market capitalization of $1.28 billion, a P/E ratio of 23.83 and a beta of 0.26.

Systemax (NYSE:SYX) last released its quarterly earnings data on Tuesday, May 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Systemax had a return on equity of 24.34% and a net margin of 5.58%. The firm had revenue of $355.20 million during the quarter.

The firm also recently announced a special dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 25th will be issued a dividend of $1.00 per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 22nd.

Several hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System grew its holdings in shares of Systemax by 6.2% during the fourth quarter. California Public Employees Retirement System now owns 37,496 shares of the company’s stock worth $1,247,000 after purchasing an additional 2,196 shares during the last quarter. Barclays PLC grew its holdings in shares of Systemax by 235.0% during the first quarter. Barclays PLC now owns 6,432 shares of the company’s stock worth $184,000 after purchasing an additional 4,512 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Systemax during the fourth quarter worth $198,000. Russell Investments Group Ltd. bought a new stake in shares of Systemax during the first quarter worth $170,000. Finally, Chicago Equity Partners LLC grew its holdings in shares of Systemax by 8.3% during the first quarter. Chicago Equity Partners LLC now owns 85,594 shares of the company’s stock worth $2,444,000 after purchasing an additional 6,561 shares during the last quarter. Institutional investors own 27.82% of the company’s stock.

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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