Shares of Systemax Inc. (NYSE:SYX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus target price of $34.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 107 out of 255 based on the ratings given to related companies.

A number of research firms have recently issued reports on SYX. Zacks Investment Research upgraded shares of Systemax from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Saturday, November 3rd. William Blair upgraded shares of Systemax from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Finally, Sidoti lowered their price objective on shares of Systemax from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, January 3rd.

In related news, VP Thomas Eugene Clark sold 15,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $31.02, for a total transaction of $465,300.00. Following the transaction, the vice president now directly owns 33,534 shares in the company, valued at $1,040,224.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Dooley sold 29,652 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $30.89, for a total transaction of $915,950.28. Following the transaction, the insider now owns 111,380 shares in the company, valued at $3,440,528.20. The disclosure for this sale can be found here. 68.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SYX. Scout Investments Inc. acquired a new position in Systemax during the fourth quarter worth $2,975,000. AQR Capital Management LLC boosted its position in Systemax by 64.4% during the third quarter. AQR Capital Management LLC now owns 291,609 shares of the company’s stock worth $9,605,000 after purchasing an additional 114,225 shares during the period. BlackRock Inc. boosted its position in Systemax by 11.2% during the second quarter. BlackRock Inc. now owns 978,909 shares of the company’s stock worth $33,606,000 after purchasing an additional 98,381 shares during the period. Crestline Management LP bought a new position in Systemax during the third quarter worth $3,240,000. Finally, Acadian Asset Management LLC boosted its position in Systemax by 50.4% during the third quarter. Acadian Asset Management LLC now owns 284,034 shares of the company’s stock worth $9,357,000 after purchasing an additional 95,171 shares during the period. Institutional investors and hedge funds own 28.57% of the company’s stock.

SYX traded up $0.21 during trading on Monday, reaching $23.75. The company had a trading volume of 22,200 shares, compared to its average volume of 70,654. Systemax has a 12 month low of $22.36 and a 12 month high of $47.75. The firm has a market cap of $877.10 million and a P/E ratio of 18.27.

About Systemax

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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