Key Points
- Global Industrial VP Thomas Axmacher sold 952 shares for $37,223.20 at an average price of $39.10, reducing his holdings by 12.92% to 6,414 shares. He also sold 1,848 shares the prior week for $71,332.80.
- Global Industrial reported quarterly EPS of $0.54, in line with estimates, while revenue of $386.6 million exceeded the $377.4 million consensus forecast.
- The company declared a quarterly dividend of $0.28 per share, representing an annualized dividend of $1.12 and a 2.9% yield; analysts maintain a consensus “Hold” rating.
Global Industrial Company (NYSE:GIC - Get Free Report) VP Thomas Axmacher sold 952 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $39.10, for a total transaction of $37,223.20. Following the transaction, the vice president owned 6,414 shares of the company's stock, valued at $250,787.40. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Thomas Axmacher also recently made the following trade(s):
- On Thursday, August 6th, Thomas Axmacher sold 1,848 shares of Global Industrial stock. The shares were sold at an average price of $38.60, for a total transaction of $71,332.80.
Global Industrial Trading Down 0.2%
Shares of NYSE:GIC opened at $39.01 on Friday. Global Industrial Company has a 12-month low of $26.40 and a 12-month high of $40.71. The stock's 50-day moving average price is $34.58 and its two-hundred day moving average price is $32.56. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.31 and a beta of 0.75.
Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. Global Industrial had a return on equity of 21.49% and a net margin of 6.06%.The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $377.40 million. As a group, research analysts forecast that Global Industrial Company will post 1.87 earnings per share for the current fiscal year.
Global Industrial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 17th. Global Industrial's payout ratio is presently 50.00%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Global Industrial from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Global Industrial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".
Get Our Latest Report on GIC
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its position in Global Industrial by 37.4% during the first quarter. AQR Capital Management LLC now owns 61,993 shares of the company's stock valued at $1,389,000 after purchasing an additional 16,880 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Global Industrial by 66.3% in the first quarter. Goldman Sachs Group Inc. now owns 143,162 shares of the company's stock worth $3,207,000 after acquiring an additional 57,056 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Global Industrial by 16.4% during the 1st quarter. Jane Street Group LLC now owns 17,806 shares of the company's stock worth $399,000 after purchasing an additional 2,512 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Global Industrial in the 2nd quarter valued at $231,000. Finally, American Century Companies Inc. boosted its holdings in Global Industrial by 7.8% in the second quarter. American Century Companies Inc. now owns 38,952 shares of the company's stock worth $1,052,000 after purchasing an additional 2,804 shares in the last quarter. 31.19% of the stock is owned by institutional investors and hedge funds.
About Global Industrial
(
Get Free Report)
Global Industrial Company (NYSE: GIC) is a leading business-to-business distributor of industrial products and equipment. Headquartered in Port Washington, New York, the company provides a comprehensive range of products to support manufacturing, warehousing, and facility maintenance operations across North America. Through a digital-first platform, Global Industrial combines e-commerce, direct sales and catalog-based ordering channels to serve a diverse commercial customer base.
The company's product portfolio encompasses material handling solutions (including conveyors, pallet racks and hoists), storage and shelving systems, janitorial and sanitation supplies, packaging and shipping materials, and office furniture.
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