Pacer Advisors Inc. Invests $290,000 in Anixter International Inc. (AXE) Stock

Pacer Advisors Inc. purchased a new stake in shares of Anixter International Inc. (NYSE:AXE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,414 shares of the technology company’s stock, valued at approximately $290,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its holdings in Anixter International by 14.2% during the 3rd quarter. Macquarie Group Ltd. now owns 407,788 shares of the technology company’s stock valued at $34,662,000 after purchasing an additional 50,655 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Anixter International by 466.3% in the 3rd quarter. SG Americas Securities LLC now owns 11,423 shares of the technology company’s stock valued at $971,000 after buying an additional 9,406 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Anixter International by 79.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 56,653 shares of the technology company’s stock valued at $4,815,000 after buying an additional 25,128 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Anixter International in the 3rd quarter valued at $209,000. Finally, Rhumbline Advisers increased its stake in shares of Anixter International by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 65,545 shares of the technology company’s stock valued at $5,571,000 after buying an additional 1,227 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Anixter International Inc. (NYSE AXE) opened at $72.30 on Monday. Anixter International Inc. has a 12-month low of $62.40 and a 12-month high of $88.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17. The stock has a market capitalization of $2,405.59, a price-to-earnings ratio of 14.29, a PEG ratio of 1.41 and a beta of 2.03.

Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.21). Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts anticipate that Anixter International Inc. will post 5.13 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on AXE shares. Zacks Investment Research cut Anixter International from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Robert W. Baird reissued a “hold” rating and issued a $86.00 target price on shares of Anixter International in a research note on Friday, September 1st. Finally, TheStreet cut Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.00.

In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of Anixter International stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.23, for a total transaction of $224,198.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William Standish sold 1,758 shares of Anixter International stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total value of $114,270.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 24,000 shares of company stock worth $4,195 and sold 30,958 shares worth $2,528,028. 14.70% of the stock is owned by company insiders.

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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).

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

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