<div id="readability-page-1"><p><span>Global Industrial (NYSE:GIC - Get Free Report)</span> was upgraded by equities researchers at Wall Street Zen from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a report issued on Saturday.</p><p>A number of other analysts have also issued reports on GIC. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Global Industrial in a research note on Wednesday, October 8th. Zacks Research lowered shares of Global Industrial from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Thursday, October 30th. One investment analyst  has rated the stock with a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat, Global Industrial presently has an average rating of &#34;Reduce&#34;.</p><div><p><span></span><span>Get <strong>Global Industrial</strong> alerts:</span></p></div><p><b>View Our Latest Stock Analysis on GIC</b></p><h2>Global Industrial Price Performance</h2><p>Shares of NYSE:GIC opened at $29.98 on Friday. The firm has a market capitalization of $1.15 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The business has a 50 day simple moving average of $30.24 and a two-hundred day simple moving average of $31.26. Global Industrial has a 1 year low of $20.79 and a 1 year high of $38.79. </p><p>Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). The business had revenue of $353.60 million for the quarter, compared to the consensus estimate of $357.00 million. Global Industrial had a return on equity of 22.85% and a net margin of 5.11%. Equities research analysts expect that  Global Industrial will post 1.59 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIC. Tudor Investment Corp ET AL bought a new stake in shares of  Global Industrial in the 3rd quarter valued at about $2,284,000.  Polymer Capital Management US LLC increased its holdings in  Global Industrial by 23.3% during the third quarter. Polymer Capital Management US LLC now owns 10,440 shares of the company's stock valued at $383,000 after buying an additional 1,971 shares during the period.  Millennium Management LLC raised its stake in  Global Industrial by 6.3% in the third quarter. Millennium Management LLC now owns 227,039 shares of the company's stock worth $8,326,000 after buying an additional 13,378 shares in the last quarter.  Bank of America Corp DE lifted its holdings in  Global Industrial by 27.7% during the third quarter. Bank of America Corp DE now owns 65,588 shares of the company's stock worth $2,405,000 after buying an additional 14,222 shares during the period.  Finally, Aquatic Capital Management LLC boosted its position in  Global Industrial by 16.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 8,596 shares of the company's stock valued at $315,000 after acquiring an additional 1,218 shares in the last quarter. 31.19% of the stock is currently owned by institutional investors. </p><h2>About Global Industrial</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Global Industrial</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>Upcoming IPO Stock Lockup Period, Explained</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Industrial Products Stocks Investing </li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Global Industrial Right Now?</h2><p>Before you consider Global Industrial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Industrial wasn't on the list.</p><p>While Global Industrial currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wall Street Zen upgraded Global Industrial (NYSE:GIC) from a "buy" to a "strong-buy" rating. Other analysts have mixed views, with Weiss Ratings maintaining a "hold" and Zacks Research downgrading to "strong sell." The stock opened at $29.98 with a market cap of $1.15 billion. Institutional investors have adjusted their stakes, with 31.19% ownership. Global Industrial distributes MRO products in North America.</p>

Global Industrial (NYSE:GIC) Upgraded at Wall Street Zen