Wells Fargo & Company MN decreased its position in shares of Anixter International Inc. (NYSE:AXE) by 38.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 192,188 shares of the company’s stock after selling 119,393 shares during the period. Wells Fargo & Company MN owned about 0.58% of Anixter International worth $12,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AXE. State Board of Administration of Florida Retirement System boosted its position in shares of Anixter International by 37.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,912 shares of the company’s stock worth $741,000 after buying an additional 3,767 shares during the period. California Public Employees Retirement System boosted its position in shares of Anixter International by 1.5% in the second quarter. California Public Employees Retirement System now owns 122,100 shares of the company’s stock worth $6,506,000 after buying an additional 1,800 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Anixter International during the second quarter worth $9,735,000. Mutual of America Capital Management LLC boosted its position in shares of Anixter International by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 37,006 shares of the company’s stock worth $1,972,000 after buying an additional 1,038 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Anixter International by 15.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 6,140 shares of the company’s stock worth $327,000 after buying an additional 800 shares during the period. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Anixter International (NYSE:AXE)

Anixter International Inc. (NYSE:AXE) traded down 0.44% on Tuesday, hitting $78.90. 97,980 shares of the stock were exchanged. Anixter International Inc. has a one year low of $37.60 and a one year high of $79.95. The company’s 50 day moving average price is $67.99 and its 200-day moving average price is $61.80. The company has a market cap of $2.61 billion, a P/E ratio of 29.81 and a beta of 1.92.

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

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A number of research analysts have weighed in on the stock. TheStreet raised shares of Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Zacks Investment Research cut shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. Finally, Imperial Capital raised shares of Anixter International from an “in-line” rating to an “outperform” rating and lifted their price target for the company 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, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $76.25.

In other news, EVP William Galvin sold 4,100 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $266,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Terrance Faber sold 650 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $66.20, for a total value of $43,030.00. The disclosure for this sale can be found here. 14.60% of the stock is owned by insiders.

About Anixter International

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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