Anixter International Inc. (NYSE:AXE) CEO Robert J. Eck sold 2,600 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $86.23, for a total value of $224,198.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Robert J. Eck also recently made the following trade(s):
- On Monday, October 2nd, Robert J. Eck sold 11,000 shares of Anixter International stock. The shares were sold at an average price of $85.31, for a total value of $938,410.00.
- On Thursday, September 21st, Robert J. Eck sold 13,600 shares of Anixter International stock. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00.
Anixter International Inc. (AXE) opened at 68.90 on Friday. The stock has a market cap of $2.29 billion, a P/E ratio of 15.74 and a beta of 2.03. The firm’s 50 day moving average price is $81.74 and its 200-day moving average price is $78.43. Anixter International Inc. has a 12-month low of $63.40 and a 12-month high of $88.60.
Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.21). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. Equities research analysts anticipate that Anixter International Inc. will post $5.03 earnings per share for the current fiscal year.
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A number of research firms have weighed in on AXE. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Robert W. Baird reiterated a “hold” rating and set a $86.00 target price on shares of Anixter International in a report on Friday, September 1st. BidaskClub downgraded Anixter International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Wolfe Research began coverage on Anixter International in a report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price on the stock. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $82.00 target price (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.00.
Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in Anixter International by 110.9% during the second 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 during the period. SG Americas Securities LLC purchased a new position in Anixter International during the second quarter valued at approximately $158,000. Riverhead Capital Management LLC increased its holdings in Anixter International by 77.6% during the second 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 during the period. Flinton Capital Management LLC increased its holdings in Anixter International by 64.0% during the second 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 during the period. Finally, Cigna Investments Inc. New purchased a new position in Anixter International during the second quarter valued at approximately $220,000. 85.34% of the stock is currently owned by institutional investors.
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).
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