Strs Ohio lessened its stake in Systemax Inc. (NYSE:SYX) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,100 shares of the company’s stock after selling 1,600 shares during the period. Strs Ohio owned about 0.05% of Systemax worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its position in shares of Systemax by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 1,041,968 shares of the company’s stock valued at $34,322,000 after buying an additional 15,257 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Systemax by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,041,968 shares of the company’s stock valued at $34,322,000 after buying an additional 15,257 shares during the last quarter. BlackRock Inc. grew its position 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 buying an additional 98,381 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Systemax by 64.4% in the 3rd quarter. AQR Capital Management LLC now owns 291,609 shares of the company’s stock valued at $9,605,000 after buying an additional 114,225 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Systemax by 50.4% in the 3rd quarter. Acadian Asset Management LLC now owns 284,034 shares of the company’s stock valued at $9,357,000 after buying an additional 95,171 shares during the last quarter. Hedge funds and other institutional investors own 28.57% of the company’s stock.

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

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

Shares of Systemax stock opened at $23.75 on Tuesday. Systemax Inc. has a one year low of $22.36 and a one year high of $47.75. The stock has a market cap of $877.10 million and a P/E ratio of 18.27.

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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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