Anixter International Inc. (AXE) VP William Standish Sells 1,758 Shares of Stock
Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,758 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total value of $114,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
William Standish also recently made the following trade(s):
- On Monday, October 16th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $86.20, for a total value of $86,200.00.
- On Friday, September 15th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $76.95, for a total value of $76,950.00.
Shares of Anixter International Inc. (AXE) traded up $0.95 during trading hours on Wednesday, hitting $65.40. The stock had a trading volume of 165,500 shares, compared to its average volume of 148,630. The stock has a market cap of $2,144.40, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.26 and a beta of 2.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17. Anixter International Inc. has a fifty-two week low of $62.40 and a fifty-two week high of $88.60.
Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.21). The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. Anixter International’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. sell-side analysts expect that Anixter International Inc. will post 5.13 EPS for the current year.
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Large investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Anixter International by 110.9% during 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Anixter International in the 2nd quarter valued at approximately $158,000. Riverhead Capital Management LLC lifted its stake in Anixter International by 77.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock valued at $167,000 after buying an additional 931 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Anixter International in the 3rd quarter valued at approximately $209,000. Finally, Flinton Capital Management LLC lifted its stake in Anixter International by 64.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $218,000 after buying an additional 1,088 shares in the last quarter. 85.86% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on AXE shares. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Robert W. Baird restated a “hold” rating and issued a $86.00 price target on shares of Anixter International in a research report on Friday, September 1st. Finally, BidaskClub cut Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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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