Earnest Partners LLC acquired a new position in shares of Anixter International Inc. (NYSE:AXE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 626,129 shares of the technology company’s stock, valued at approximately $47,586,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Anixter International by 0.8% during the fourth quarter. BlackRock Inc. now owns 3,725,407 shares of the technology company’s stock worth $283,131,000 after acquiring an additional 30,910 shares during the period. Dimensional Fund Advisors LP raised its stake in Anixter International by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock worth $117,275,000 after acquiring an additional 63,922 shares during the period. Goldman Sachs Group Inc. raised its stake in Anixter International by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 896,632 shares of the technology company’s stock worth $68,144,000 after acquiring an additional 46,165 shares during the period. Pzena Investment Management LLC raised its stake in Anixter International by 77.7% during the fourth quarter. Pzena Investment Management LLC now owns 860,348 shares of the technology company’s stock worth $65,386,000 after acquiring an additional 376,316 shares during the period. Finally, Jennison Associates LLC raised its stake in Anixter International by 14.2% during the fourth quarter. Jennison Associates LLC now owns 770,566 shares of the technology company’s stock worth $58,563,000 after acquiring an additional 95,781 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.
In other Anixter International news, CEO Robert J. Eck sold 7,800 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 31,174 shares of company stock valued at $2,390,822. 14.70% of the stock is owned by insiders.
Anixter International Inc. (NYSE AXE) opened at $78.50 on Wednesday. Anixter International Inc. has a 1 year low of $62.40 and a 1 year high of $88.85. The company has a quick ratio of 1.18, a current ratio of 2.10 and a debt-to-equity ratio of 0.86. The company has a market cap of $2,615.17, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.24 and a beta of 2.07.
Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, January 30th. The technology company reported $1.41 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. Anixter International’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts forecast that Anixter International Inc. will post 6.35 earnings per share for the current year.
Several equities research analysts recently weighed in on AXE shares. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. TheStreet upgraded shares of Anixter International from a “c+” rating to a “b-” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $90.00 target price (up previously from $78.00) on shares of Anixter International in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $90.00.
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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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