State of Tennessee Treasury Department lessened its stake in Anixter International Inc. (NYSE:AXE) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,071 shares of the technology company’s stock after selling 1,585 shares during the quarter. State of Tennessee Treasury Department owned about 0.08% of Anixter International worth $2,131,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Anixter International by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock valued at $230,666,000 after purchasing an additional 126,313 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Anixter International by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock valued at $113,928,000 after purchasing an additional 81,578 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Anixter International by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,781 shares of the technology company’s stock valued at $102,894,000 after purchasing an additional 100,300 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Anixter International by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after acquiring an additional 106,813 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Anixter International by 2.8% during the 2nd quarter. State Street Corp now owns 743,423 shares of the technology company’s stock valued at $58,132,000 after acquiring an additional 20,422 shares in the last quarter. Institutional investors own 85.86% of the company’s stock.
Shares of Anixter International Inc. (AXE) opened at $64.00 on Monday. Anixter International Inc. has a one year low of $62.40 and a one year high of $88.60. The stock has a market cap of $2,129.43, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.25 and a beta of 2.02. The company has a current ratio of 2.07, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.
Anixter International (NYSE:AXE) last released 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 firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. analysts expect that Anixter International Inc. will post 5.13 earnings per share for the current fiscal year.
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AXE has been the topic of several recent research reports. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $86.00 target price on shares of Anixter International in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Anixter International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.00.
In other news, CEO Robert J. Eck sold 13,600 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Standish sold 1,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $76.95, for a total transaction of $76,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 24,000 shares of company stock worth $4,195 and have sold 29,200 shares worth $2,413,758. 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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