Gotham Asset Management LLC trimmed its position in Anixter International Inc. (NYSE:AXE) by 52.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,107 shares of the technology company’s stock after selling 80,416 shares during the period. Gotham Asset Management LLC owned approximately 0.22% of Anixter International worth $5,639,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. increased its position 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 in the last quarter. SG Americas Securities LLC bought a new stake in Anixter International in the 2nd quarter valued at about $158,000. Riverhead Capital Management LLC increased its position 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. Flinton Capital Management LLC increased its position 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. Finally, Cigna Investments Inc. New bought a new stake in Anixter International in the 2nd quarter valued at about $220,000. 85.53% of the stock is owned by institutional investors and hedge funds.
Shares of Anixter International Inc. (NYSE:AXE) opened at 86.10 on Wednesday. The firm’s 50-day moving average price is $78.36 and its 200-day moving average price is $78.00. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 19.67 and a beta of 2.03. Anixter International Inc. has a one year low of $58.99 and a one year high of $88.30.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.36. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business posted $1.32 earnings per share. Anixter International’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Anixter International Inc. will post $5.35 earnings per share for the current year.
A number of analysts recently commented on the company. Zacks Investment Research lowered Anixter International from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Wolfe Research assumed coverage on Anixter International in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 target price for the company. BidaskClub lowered Anixter International from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $82.00 target price (down from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 target price on shares of Anixter International in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Anixter International presently has a consensus rating of “Hold” and an average target price of $86.00.
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In other news, VP William Standish sold 1,000 shares of Anixter International stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $77.55, for a total transaction of $77,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert J. Eck sold 13,600 shares of Anixter International stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total transaction of $1,088,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 550,277 shares of company stock valued at $42,811,566 and sold 27,600 shares valued at $2,255,610. Company insiders own 14.70% of the company’s stock.
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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