Global Industrial (NYSE:GIC) Stock Holdings Trimmed by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of Global Industrial (NYSE:GIC) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,800 shares of the company’s stock after selling 2,833 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of Global Industrial worth $1,562,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Global Industrial by 137.3% during the first quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock worth $32,118,000 after buying an additional 414,924 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Global Industrial in the first quarter valued at $3,824,000. Edgestream Partners L.P. bought a new position in shares of Global Industrial in the second quarter valued at $1,017,000. Denali Advisors LLC raised its stake in Global Industrial by 44.5% during the 2nd quarter. Denali Advisors LLC now owns 57,122 shares of the company’s stock valued at $1,791,000 after purchasing an additional 17,600 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Global Industrial by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,856 shares of the company’s stock valued at $576,000 after purchasing an additional 459 shares during the period. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Down 1.1 %

Shares of NYSE:GIC opened at $32.18 on Friday. Global Industrial has a 12-month low of $30.13 and a 12-month high of $46.97. The company has a market cap of $1.23 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. The company’s fifty day moving average is $32.70 and its two-hundred day moving average is $34.94.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $347.80 million for the quarter, compared to the consensus estimate of $348.84 million. Global Industrial had a net margin of 5.16% and a return on equity of 26.82%. During the same period in the prior year, the business posted $0.56 earnings per share. Equities research analysts anticipate that Global Industrial will post 1.97 earnings per share for the current year.

Global Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, August 9th. Global Industrial’s payout ratio is 54.35%.

Global Industrial Profile

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.