Bailard Inc. Buys Shares of 19,100 Anixter International Inc. (AXE)

Bailard Inc. bought a new stake in Anixter International Inc. (NYSE:AXE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,100 shares of the technology company’s stock, valued at approximately $1,452,000. Bailard Inc. owned 0.06% of Anixter International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AXE. Sei Investments Co. boosted its position in shares of Anixter International by 40,262.2% in the 4th quarter. Sei Investments Co. now owns 232,486 shares of the technology company’s stock valued at $15,537,000 after purchasing an additional 231,910 shares during the period. Victory Capital Management Inc. boosted its position in shares of Anixter International by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after purchasing an additional 106,813 shares during the period. Jennison Associates LLC boosted its position in shares of Anixter International by 14.2% in the 4th quarter. Jennison Associates LLC now owns 770,566 shares of the technology company’s stock valued at $58,563,000 after purchasing an additional 95,781 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Anixter International by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock valued at $117,275,000 after purchasing an additional 63,922 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Anixter International by 14.2% in 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 during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 price objective (up from $78.00) on shares of Anixter International in a research report on Wednesday, January 31st. TheStreet raised Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. Finally, ValuEngine cut Anixter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $90.00.

In other news, VP William Standish sold 1,758 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total transaction of $114,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Eck sold 11,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $75.00, for a total value of $825,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,732 shares of company stock valued at $1,577,404 over the last ninety days. 14.70% of the stock is owned by insiders.

Shares of Anixter International Inc. (NYSE:AXE) opened at $78.05 on Friday. Anixter International Inc. has a 1 year low of $62.40 and a 1 year 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. The firm has a market capitalization of $2,611.88, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.24 and a beta of 2.06.

Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts predict that Anixter International Inc. will post 6.35 earnings per share for the current fiscal 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).

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

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