Anixter International Inc. (NYSE:AXE) EVP William Galvin sold 8,114 shares of Anixter International stock in a transaction on Monday, November 14th. The shares were sold at an average price of $75.00, for a total value of $608,550.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Thursday, November 10th, William Galvin sold 8,167 shares of Anixter International stock. The shares were sold at an average price of $70.00, for a total value of $571,690.00.
  • 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 78.30 on Thursday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 29.58 and a beta of 1.92. The company has a 50 day moving average price of $64.91 and a 200 day moving average price of $60.83. Anixter International Inc. has a one year low of $37.60 and a one year high of $78.55.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. purchased a new position in shares of Anixter International during the second quarter valued at about $149,000. Quantbot Technologies LP boosted its position in shares of Anixter International by 13.3% in the second quarter. Quantbot Technologies LP now owns 2,866 shares of the company’s stock valued at $152,000 after buying an additional 337 shares during the period. BlackRock Inc. boosted its position in shares of Anixter International by 45.8% in the first quarter. BlackRock Inc. now owns 3,121 shares of the company’s stock valued at $162,000 after buying an additional 980 shares during the period. PineBridge Investments L.P. boosted its position in shares of Anixter International by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,605 shares of the company’s stock valued at $192,000 after buying an additional 140 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Anixter International during the third quarter valued at about $193,000. 85.28% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on AXE. TheStreet upgraded Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Zacks Investment Research cut Anixter International from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Finally, Imperial Capital upgraded Anixter International from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $64.00 to $72.00 in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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