Bailard Inc. purchased a new position in shares of Anixter International Inc. (NYSE:AXE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,100 shares of the technology company’s stock, valued at approximately $1,452,000. Bailard Inc. owned about 0.06% of Anixter International at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. OxFORD Asset Management LLP boosted its stake in shares of Anixter International by 1.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 4,604 shares of the technology company’s stock worth $360,000 after purchasing an additional 68 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Anixter International by 50.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock worth $145,000 after acquiring an additional 640 shares during the last quarter. Aperio Group LLC boosted its position in shares of Anixter International by 9.8% in the third quarter. Aperio Group LLC now owns 7,602 shares of the technology company’s stock worth $646,000 after acquiring an additional 679 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Anixter International by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 25,120 shares of the technology company’s stock worth $2,135,000 after acquiring an additional 688 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after acquiring an additional 712 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research report on Thursday, February 1st. ValuEngine cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $90.00 price target (up previously from $78.00) on shares of Anixter International in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $90.00.
In related news, CEO Robert J. Eck sold 7,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $80.12, for a total value of $624,936.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 18,974 shares of company stock worth $1,463,134 in the last 90 days. 14.70% of the stock is currently owned by insiders.
Anixter International Inc. (NYSE:AXE) traded up $0.30 during midday trading on Friday, reaching $77.80. 7,292 shares of the company traded hands, compared to its average volume of 192,695. 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 current ratio of 2.10 and a quick ratio of 1.18. The stock has a market capitalization of $2,555.32, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.21 and a beta of 2.06.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.31 earnings per share. Anixter International’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts anticipate that Anixter International Inc. will post 6.35 earnings per share for the current fiscal year.
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Anixter International Company 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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