Macquarie Group Ltd. bought a new stake in Systemax Inc. (NYSE:SYX) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,501 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Systemax by 11.2% in the 2nd quarter. BlackRock Inc. now owns 978,909 shares of the company’s stock valued at $33,606,000 after purchasing an additional 98,381 shares during the period. King Luther Capital Management Corp increased its holdings in shares of Systemax by 2.6% in the 2nd quarter. King Luther Capital Management Corp now owns 810,734 shares of the company’s stock valued at $27,832,000 after purchasing an additional 20,225 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Systemax by 102.6% in the 2nd quarter. Acadian Asset Management LLC now owns 188,863 shares of the company’s stock valued at $6,483,000 after purchasing an additional 95,665 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of Systemax by 3.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 103,854 shares of the company’s stock valued at $3,565,000 after purchasing an additional 3,135 shares during the period. Finally, Chicago Equity Partners LLC increased its holdings in shares of Systemax by 19.9% in the 2nd quarter. Chicago Equity Partners LLC now owns 102,667 shares of the company’s stock valued at $3,525,000 after purchasing an additional 17,073 shares during the period. Institutional investors own 28.81% of the company’s stock.

In related news, VP Thomas Axmacher sold 5,004 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $39.07, for a total value of $195,506.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Kipe sold 1,430 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $40.05, for a total value of $57,271.50. Following the completion of the transaction, 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. Corporate insiders own 69.00% of the company’s stock.

SYX has been the topic of a number of research reports. Sidoti downgraded Systemax from a “buy” rating to a “neutral” rating in a report on Tuesday, June 19th. William Blair initiated coverage on Systemax in a report on Wednesday, August 29th. They issued a “market perform” rating on the stock.

NYSE:SYX opened at $28.77 on Friday. Systemax Inc. has a 52 week low of $26.67 and a 52 week high of $47.75. The company has a market capitalization of $1.23 billion, a P/E ratio of 22.13 and a beta of 0.25.

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

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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