CNA Financial Corp lifted its position in Anixter International Inc. (NYSE:AXE) by 74.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,714 shares of the technology company’s stock after purchasing an additional 9,695 shares during the quarter. CNA Financial Corp’s holdings in Anixter International were worth $1,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AXE. Advisor Group Inc. increased its holdings in shares of Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after purchasing an additional 712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Anixter International by 50.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock worth $145,000 after purchasing an additional 640 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Anixter International in the third quarter worth $209,000. Shelton Capital Management bought a new position in shares of Anixter International in the second quarter worth $221,000. Finally, Connable Office Inc. bought a new position in shares of Anixter International in the fourth quarter worth $258,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Robert J. Eck sold 11,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $75.00, for a total value of $825,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Standish sold 1,758 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. Insiders sold 20,732 shares of company stock valued at $1,577,404 over the last quarter. 14.70% of the stock is owned by company insiders.

Several research analysts have recently weighed in on the stock. TheStreet cut shares of Anixter International from a “b-” rating to a “c” rating in a report on Tuesday, November 21st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $78.00) on shares of Anixter International in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a report on Thursday, February 1st. Finally, ValuEngine cut shares of Anixter International from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $90.00.

Anixter International Inc. (NYSE:AXE) opened at $77.00 on Wednesday. The firm has a market cap of $2,550.33, a price-to-earnings ratio of 14.85, a PEG ratio of 1.21 and a beta of 2.06. Anixter International Inc. has a 1-year low of $62.40 and a 1-year high of $88.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.10 and a quick ratio of 1.18.

Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. research analysts expect that Anixter International Inc. will post 6.35 EPS for the current year.

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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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Institutional Ownership by Quarter for Anixter International (NYSE:AXE)

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