Anixter International Inc. (AXE) Holdings Raised by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC raised its stake in shares of Anixter International Inc. (NYSE:AXE) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,641 shares of the technology company’s stock after acquiring an additional 1,696 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.34% of Anixter International worth $8,965,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in AXE. Voya Investment Management LLC raised its stake in shares of Anixter International by 197.1% in the 2nd quarter. Voya Investment Management LLC now owns 33,060 shares of the technology company’s stock valued at $2,585,000 after acquiring an additional 21,932 shares during the period. OxFORD Asset Management LLP lifted its holdings in shares of Anixter International by 1.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 4,604 shares of the technology company’s stock worth $360,000 after acquiring an additional 68 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Anixter International by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,781 shares of the technology company’s stock worth $102,894,000 after acquiring an additional 100,300 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Anixter International in the 2nd quarter worth approximately $301,000. Finally, Advisor Group Inc. lifted its holdings in shares of Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after acquiring an additional 712 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.
In related news, CEO Robert J. Eck sold 13,600 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total transaction of $1,088,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Standish sold 1,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $77.55, for a total transaction of $77,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 557,777 shares of company stock worth $42,813,066 and sold 16,600 shares worth $1,317,200. Company insiders own 14.70% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed a “market perform” rating and set a $82.00 price objective (down previously from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Wolfe Research initiated coverage on Anixter International in a research report on Tuesday, July 11th. They issued 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 research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.00.
Shares of Anixter International Inc. (NYSE:AXE) opened at 85.00 on Monday. The firm’s 50-day moving average is $74.37 and its 200-day moving average is $77.51. Anixter International Inc. has a 52 week low of $58.99 and a 52 week high of $88.00. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.66 and a beta of 2.03.
Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.36. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Anixter International had a return on equity of 13.09% and a net margin of 1.91%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 earnings per share. On average, equities research analysts anticipate that Anixter International Inc. will post $5.35 EPS for the current fiscal year.
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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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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