Anixter International Inc. (AXE) Holdings Lifted by Citigroup Inc.
Citigroup Inc. boosted its stake in shares of Anixter International Inc. (NYSE:AXE) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,400 shares of the technology company’s stock after acquiring an additional 5,322 shares during the quarter. Citigroup Inc. owned 0.09% of Anixter International worth $2,377,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Anixter International by 44,948.8% during the first quarter. BlackRock Inc. now owns 3,703,911 shares of the technology company’s stock worth $293,721,000 after acquiring an additional 3,695,689 shares in the last quarter. Vanguard Group Inc. raised its stake in Anixter International by 12.0% during the first quarter. Vanguard Group Inc. now owns 2,823,375 shares of the technology company’s stock worth $223,894,000 after acquiring an additional 303,406 shares in the last quarter. Alliancebernstein L.P. raised its stake in Anixter International by 5.9% during the second quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock worth $113,928,000 after acquiring an additional 81,578 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Anixter International by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,215,481 shares of the technology company’s stock worth $96,386,000 after acquiring an additional 59,258 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in Anixter International by 6.7% during the first quarter. Fiduciary Management Inc. WI now owns 1,196,538 shares of the technology company’s stock worth $94,885,000 after acquiring an additional 75,105 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.
AXE has been the topic of several research analyst reports. Wells Fargo & Company restated a “market perform” rating and set a $82.00 target price (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Wolfe Research initiated coverage on Anixter International in a report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price on the stock. Finally, BidaskClub cut Anixter International from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Anixter International currently has a consensus rating of “Hold” and an average target price of $86.00.
Anixter International Inc. (AXE) opened at 86.10 on Thursday. The company has a market cap of $2.86 billion, a PE ratio of 19.67 and a beta of 1.98. The company has a 50-day moving average price of $74.37 and a 200 day moving average price of $77.51. Anixter International Inc. has a 12-month low of $58.99 and a 12-month high of $88.00.
Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts forecast that Anixter International Inc. will post $5.35 EPS for the current fiscal year.
In other Anixter International news, CEO Robert J. Eck sold 13,600 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $80.00, for a total value of $1,088,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $74.70, for a total value of $74,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 557,777 shares of company stock valued at $42,813,066 and sold 16,600 shares valued at $1,317,200. 14.70% of the stock is owned by corporate insiders.
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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).
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