Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $76.95, for a total value of $76,950.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, August 15th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $74.70, for a total value of $74,700.00.
  • On Monday, July 17th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $77.55, for a total value of $77,550.00.

Shares of Anixter International Inc. (NYSE:AXE) traded up 2.02% on Friday, hitting $78.15. The stock had a trading volume of 225,492 shares. Anixter International Inc. has a 12-month low of $58.90 and a 12-month high of $88.00. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 17.85 and a beta of 1.98. The stock has a 50 day moving average price of $74.37 and a 200-day moving average price of $77.65.

Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.36. Anixter International had a return on equity of 13.09% and a net margin of 1.91%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Anixter International Inc. will post $5.35 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of AXE. Bank of Montreal Can increased its position in shares of Anixter International by 7.3% during the first quarter. Bank of Montreal Can now owns 4,918 shares of the technology company’s stock worth $390,000 after purchasing an additional 333 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Anixter International by 1.0% during the first quarter. Nationwide Fund Advisors now owns 32,274 shares of the technology company’s stock worth $2,559,000 after purchasing an additional 308 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Anixter International during the first quarter worth about $4,243,000. Great West Life Assurance Co. Can increased its position in shares of Anixter International by 6.5% during the first quarter. Great West Life Assurance Co. Can now owns 39,710 shares of the technology company’s stock worth $3,147,000 after purchasing an additional 2,423 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Anixter International by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 447,224 shares of the technology company’s stock worth $35,466,000 after purchasing an additional 16,171 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Several brokerages recently issued reports on AXE. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Robert W. Baird reaffirmed a “hold” rating and set a $86.00 target price on shares of Anixter International in a research report on Friday, September 1st. BidaskClub lowered Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $82.00 target price (down from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Finally, Wolfe Research started coverage on Anixter International in a report on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Anixter International presently has a consensus rating of “Hold” and an average price target of $86.00.

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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

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