Mutual of America Capital Management LLC Raises Holdings in Anixter International Inc. (AXE)
Mutual of America Capital Management LLC grew its position in Anixter International Inc. (NYSE:AXE) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,432 shares of the technology company’s stock after buying an additional 203 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Anixter International worth $1,911,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Anixter International during the 1st quarter worth $144,000. SG Americas Securities LLC purchased a new stake in shares of Anixter International during the 2nd quarter worth $158,000. Riverhead Capital Management LLC lifted its stake in shares of Anixter International by 77.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after purchasing an additional 931 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Anixter International during the 2nd quarter worth $220,000. Finally, Invictus RG purchased a new stake in shares of Anixter International during the 1st quarter worth $230,000. Institutional investors and hedge funds own 85.53% of the company’s stock.
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In other Anixter International news, VP William Standish sold 1,000 shares of Anixter International stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $76.95, for a total transaction of $76,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Eck sold 13,600 shares of Anixter International 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 disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 557,777 shares of company stock valued at $42,813,066 and have sold 27,600 shares valued at $2,255,610. 14.70% of the stock is owned by insiders.
Shares of Anixter International Inc. (NYSE AXE) opened at 87.25 on Thursday. Anixter International Inc. has a 52 week low of $58.99 and a 52 week high of $88.30. The company’s 50 day moving average price is $76.68 and its 200-day moving average price is $77.79. The stock has a market capitalization of $2.89 billion, a PE ratio of 24.29 and a beta of 2.03.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.36. The firm 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%. Anixter International’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. Equities research analysts predict that Anixter International Inc. will post $5.35 EPS for the current year.
AXE has been the subject of a number of analyst reports. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird restated a “hold” rating and set a $86.00 price objective on shares of Anixter International in a research note on Friday, September 1st. Wells Fargo & Company restated a “market perform” rating and set a $82.00 price objective (down from $89.00) on shares of Anixter International in a research note on Wednesday, July 12th. Wolfe Research initiated coverage on Anixter International in a research note on Tuesday, July 11th. They set an “outperform” rating and a $88.00 price objective for the company. Finally, BidaskClub cut Anixter International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Anixter International currently has an average rating of “Hold” and an average target price of $86.00.
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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