Anixter International Inc. (AXE) Holdings Boosted by Fmr LLC
Fmr LLC grew its position in shares of Anixter International Inc. (NYSE:AXE) by 24.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,300 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Fmr LLC owned 0.08% of Anixter International worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of AXE. SG Americas Securities LLC bought a new stake in shares of Anixter International in the 2nd quarter worth approximately $158,000. Riverhead Capital Management LLC raised its holdings in shares of Anixter International by 77.6% in 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 period. Cigna Investments Inc. New bought a new stake in shares of Anixter International in the 2nd quarter worth approximately $220,000. Dubuque Bank & Trust Co. raised its holdings in shares of Anixter International by 9.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,369 shares of the technology company’s stock worth $263,000 after purchasing an additional 279 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Anixter International by 1.3% in the 2nd quarter. Amalgamated Bank now owns 3,973 shares of the technology company’s stock worth $311,000 after purchasing an additional 51 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on AXE. Wells Fargo & Company reaffirmed 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. Zacks Investment Research raised shares of Anixter International from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. 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 cut shares of Anixter International from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 price target on shares of Anixter International in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $86.00.
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In related news, CEO Robert J. Eck sold 11,000 shares of Anixter International stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $85.31, for a total value of $938,410.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Standish sold 1,000 shares of Anixter International stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $76.95, for a total transaction of $76,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 24,000 shares of company stock valued at $4,195 and sold 30,200 shares valued at $2,488,458. 14.70% of the stock is currently owned by insiders.
Anixter International Inc. (AXE) opened at $65.95 on Wednesday. Anixter International Inc. has a one year low of $65.20 and a one year high of $88.60. The firm has a market cap of $2,224.26, a P/E ratio of 13.21, a P/E/G ratio of 1.30 and a beta of 2.02. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87.
Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. equities analysts predict that Anixter International Inc. will post 5.13 earnings per share for the current fiscal year.
Anixter International 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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