William Standish Sells 1,000 Shares of Anixter International Inc. (AXE) Stock

Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $86.20, for a total value of $86,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

William Standish also recently made the following trade(s):

  • On Friday, September 15th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $76.95, for a total value of $76,950.00.
  • On Tuesday, August 15th, William Standish sold 1,000 shares of Anixter International stock. The stock was sold at an average price of $74.70, for a total value of $74,700.00.

Shares of Anixter International Inc. (AXE) traded up 3.63% during trading on Thursday, hitting $68.45. The company’s stock had a trading volume of 269,872 shares. The company has a 50-day moving average price of $81.74 and a 200-day moving average price of $78.43. The stock has a market cap of $2.28 billion, a PE ratio of 15.64 and a beta of 2.03. Anixter International Inc. has a one year low of $63.40 and a one year high of $88.60.

Anixter International (NYSE:AXE) last issued its quarterly earnings data 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 13.09% and a net margin of 1.91%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts predict that Anixter International Inc. will post $5.03 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “William Standish Sells 1,000 Shares of Anixter International Inc. (AXE) Stock” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/26/anixter-international-inc-axe-vp-sells-86200-00-in-stock.html.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Wolfe Research assumed coverage on Anixter International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 target price on the stock. BidaskClub downgraded Anixter International from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $82.00 price target (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 price target on shares of Anixter International in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Several institutional investors have recently modified their holdings of AXE. UBS Asset Management Americas Inc. raised its position in shares of Anixter International by 15.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 2,799 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Anixter International during the 1st quarter worth approximately $476,000. Envestnet Asset Management Inc. raised its position in shares of Anixter International by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,247 shares of the technology company’s stock worth $493,000 after purchasing an additional 492 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Anixter International by 28.1% during the 1st quarter. JPMorgan Chase & Co. now owns 147,251 shares of the technology company’s stock worth $11,677,000 after purchasing an additional 32,338 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Anixter International by 27.8% during the 1st quarter. OppenheimerFunds Inc. now owns 69,800 shares of the technology company’s stock worth $5,536,000 after purchasing an additional 15,187 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

Receive News & Ratings for Anixter International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply