2 weeks Ago By Defense World Staff
Geode Capital Management LLC lifted its holdings in shares of Global Industrial (NYSE:GIC – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 319,056 shares of the company’s stock after acquiring an additional 2,973 shares during the quarter.
Geode Capital Management LLC owned 0.83% of Global Industrial worth $7,912,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also recently bought and sold shares of the business.
Barclays PLC grew its position in shares of Global Industrial by 221.5% in the 3rd quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,097 shares in the last quarter.
JPMorgan Chase & Co. boosted its holdings in Global Industrial by 39.8% in the third quarter.
JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock worth $1,563,000 after purchasing an additional 13,105 shares during the period. New York State Common Retirement Fund increased its stake in Global Industrial by 34.
6% during the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock valued at $936,000 after purchasing an additional 9,700 shares during the last quarter. State Street Corp raised its holdings in shares of Global Industrial by 2.
6% during the third quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Global Industrial by 102.
0% during the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company’s stock worth $959,000 after purchasing an additional 19,543 shares during the period. Hedge funds and other institutional investors own 31.
19% of the company’s stock. Global Industrial Stock PerformanceNYSE GIC opened at $22.07 on Friday.
Global Industrial has a one year low of $20.79 and a one year high of $40.74.
The company has a 50-day simple moving average of $22.72 and a 200-day simple moving average of $25.70.
The firm has a market capitalization of $845.52 million, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.
93 and a beta of 0.85. Global Industrial (NYSE:GIC – Get Free Report) last issued its earnings results on Tuesday, February 25th.
The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.
03). The company had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.
07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.
53%. Equities analysts forecast that Global Industrial will post 1.59 earnings per share for the current year.
Global Industrial Increases DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.26 dividend.
The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Global Industrial’s previous quarterly dividend of $0.25.
This represents a $1.04 annualized dividend and a yield of 4.71%.
Global Industrial’s dividend payout ratio (DPR) is currently 66.24%. About Global Industrial (Free Report)Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America.
It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.Featured StoriesFive stocks we like better than Global Industrial3 REITs to Buy and Hold for the Long Term2 Strong Utilities Plays With Booming Earnings and Room to GrowWhat is Forex and How Does it Work? Why Smart Investors Don’t Panic in Election SeasonWhat Are the U.K.
Market Holidays? How to Invest and TradeNow Is the Time to Buy ServiceNow—The Rebound Is RealWant to see what other hedge funds are holding GIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Industrial (NYSE:GIC – Free Report)..
