Comerica Bank trimmed its holdings in Anixter International Inc. (NYSE:AXE) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,158 shares of the technology company’s stock after selling 797 shares during the quarter. Comerica Bank’s holdings in Anixter International were worth $2,417,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AXE. Advisor Group Inc. increased its holdings in Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after buying an additional 712 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Anixter International by 50.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock worth $145,000 after buying an additional 640 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Anixter International in the 3rd quarter worth about $209,000. Affinity Investment Advisors LLC bought a new stake in Anixter International in the 3rd quarter worth about $264,000. Finally, Pacer Advisors Inc. bought a new stake in Anixter International in the 3rd quarter worth about $290,000. Institutional investors own 90.50% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 price objective for the company in a report on Thursday, February 1st. Wells Fargo & Co restated a “market perform” rating and set a $90.00 price target (up from $78.00) on shares of Anixter International in a research note on Wednesday, January 31st. ValuEngine downgraded Anixter International from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, TheStreet upgraded Anixter International from a “c+” rating to a “b-” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $90.00.
Shares of Anixter International Inc. (NYSE AXE) opened at $77.50 on Friday. The stock has a market capitalization of $2,555.32, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.21 and a beta of 2.06. Anixter International Inc. has a 52 week low of $62.40 and a 52 week high of $88.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10.
Anixter International (NYSE:AXE) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. equities research analysts anticipate that Anixter International Inc. will post 6.35 earnings per share for the current year.
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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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