Geode Capital Management LLC lifted its stake in Anixter International Inc. (NYSE:AXE) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,126 shares of the technology company’s stock after purchasing an additional 28,410 shares during the period. Geode Capital Management LLC’s holdings in Anixter International were worth $19,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC purchased a new position in Anixter International during the 4th quarter valued at about $43,000. Acadian Asset Management LLC increased its stake in Anixter International by 71.7% during the 4th quarter. Acadian Asset Management LLC now owns 2,421 shares of the technology company’s stock valued at $131,000 after purchasing an additional 1,011 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Anixter International by 5.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,582 shares of the technology company’s stock valued at $195,000 after purchasing an additional 192 shares in the last quarter. United Services Automobile Association increased its stake in Anixter International by 34.6% during the 4th quarter. United Services Automobile Association now owns 5,767 shares of the technology company’s stock valued at $313,000 after purchasing an additional 1,483 shares in the last quarter. Finally, BBT Capital Management LLC bought a new stake in Anixter International during the 4th quarter valued at about $336,000. 85.89% of the stock is owned by institutional investors.

Several brokerages recently issued reports on AXE. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine raised shares of Anixter International from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, TheStreet downgraded shares of Anixter International from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.50.

NYSE:AXE opened at $57.05 on Wednesday. Anixter International Inc. has a 1-year low of $50.05 and a 1-year high of $75.00. The stock has a market capitalization of $1.91 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.89. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.84.

Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.17. Anixter International had a net margin of 1.91% and a return on equity of 13.06%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Anixter International Inc. will post 6.17 earnings per share for the current fiscal year.

In related news, Director F Philip Handy sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $61.53, for a total value of $184,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

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Anixter International Company Profile

Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments.

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

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