Northern Trust Corp Has $3.80 Million Holdings in Global Industrial (NYSE:GIC)

Northern Trust Corp lifted its holdings in shares of Global Industrial (NYSE:GIC - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,421 shares of the company's stock after purchasing an additional 15,471 shares during the quarter. Northern Trust Corp owned approximately 0.40% of Global Industrial worth $3,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Global Industrial by 340.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock worth $39,000 after buying an additional 1,206 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Global Industrial in the fourth quarter worth about $50,000. Quantbot Technologies LP boosted its stake in shares of Global Industrial by 150.3% during the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after acquiring an additional 2,170 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Global Industrial by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock valued at $175,000 after acquiring an additional 2,170 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Global Industrial by 13.6% in the 4th quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock valued at $204,000 after acquiring an additional 982 shares in the last quarter. Institutional investors own 31.19% of the company's stock.

Global Industrial Trading Down 1.4%

Global Industrial stock traded down $0.39 during trading hours on Wednesday, reaching $26.31. 37,919 shares of the company were exchanged, compared to its average volume of 92,414. Global Industrial has a 12 month low of $20.79 and a 12 month high of $36.17. The stock has a 50-day moving average of $23.89 and a 200 day moving average of $24.76. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.93 and a beta of 0.82.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. As a group, research analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, May 12th. Global Industrial's dividend payout ratio is currently 65.82%.

About Global Industrial

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.