Anixter International Inc. (NYSE:AXE) EVP William Galvin sold 8,167 shares of Anixter International stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $70.00, for a total value of $571,690.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

William Galvin also recently made the following trade(s):

  • On Friday, September 2nd, William Galvin sold 4,100 shares of Anixter International stock. The shares were sold at an average price of $65.00, for a total value of $266,500.00.

Shares of Anixter International Inc. (NYSE:AXE) opened at 73.00 on Monday. Anixter International Inc. has a 52-week low of $37.60 and a 52-week high of $73.15. The company has a market cap of $2.41 billion, a P/E ratio of 27.58 and a beta of 1.92. The company has a 50-day moving average price of $63.62 and a 200-day moving average price of $60.53.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. The business earned $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Anixter International had a return on equity of 12.19% and a net margin of 1.17%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 earnings per share. On average, equities analysts predict that Anixter International Inc. will post $4.77 EPS for the current year.

A number of hedge funds have recently modified their holdings of AXE. California State Teachers Retirement System boosted its stake in shares of Anixter International by 0.5% in the second quarter. California State Teachers Retirement System now owns 60,924 shares of the company’s stock worth $3,246,000 after buying an additional 294 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in Anixter International by 46.7% in the second quarter. First Midwest Bank Trust Division now owns 10,638 shares of the company’s stock valued at $567,000 after buying an additional 3,387 shares in the last quarter. Bank of Montreal Can acquired a new stake in Anixter International during the second quarter valued at about $239,000. Independent Portfolio Consultants Inc. boosted its stake in Anixter International by 58.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,985 shares of the company’s stock valued at $639,000 after buying an additional 4,425 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Anixter International by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 24,210 shares of the company’s stock valued at $1,290,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

A number of brokerages have recently issued reports on AXE. Zacks Investment Research upgraded Anixter International from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, July 28th. Imperial Capital upgraded Anixter International from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $64.00 to $72.00 in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Anixter International currently has an average rating of “Hold” and an average price target of $76.25.

Anixter International Company Profile

Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.

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