Anixter International Inc. (AXE) CEO Sells $938,410.00 in Stock
Anixter International Inc. (NYSE:AXE) CEO Robert J. Eck sold 11,000 shares of Anixter International stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $85.31, for a total transaction of $938,410.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Robert J. Eck also recently made the following trade(s):
- On Thursday, September 21st, Robert J. Eck sold 13,600 shares of Anixter International stock. The shares were sold at an average price of $80.00, for a total transaction of $1,088,000.00.
Anixter International Inc. (AXE) opened at 87.20 on Friday. Anixter International Inc. has a one year low of $58.99 and a one year high of $88.30. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 24.28 and a beta of 2.03. The firm has a 50 day moving average of $77.07 and a 200-day moving average of $77.86.
Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.36. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Equities research analysts forecast that Anixter International Inc. will post $5.35 EPS for the current fiscal year.
A number of brokerages have weighed in on AXE. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Wolfe Research began coverage on shares of Anixter International in a report on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price target on the stock. BidaskClub lowered shares of Anixter International from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Wells Fargo & Company reiterated a “market perform” rating and issued a $82.00 price target (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $86.00 price target on shares of Anixter International in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Anixter International has an average rating of “Hold” and a consensus target price of $86.00.
A number of institutional investors have recently added to or reduced their stakes in AXE. Advisor Group Inc. increased its stake in Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock valued at $106,000 after buying an additional 712 shares during the period. Quantbot Technologies LP bought a new stake in Anixter International in the first quarter worth approximately $144,000. SG Americas Securities LLC bought a new stake in Anixter International in the second quarter worth approximately $158,000. Riverhead Capital Management LLC grew its position in Anixter International by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after acquiring an additional 931 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in Anixter International by 64.0% in the second quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,088 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.
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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