Anixter (NYSE:AXE) CEO Robert J. Eck sold 2,812 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $78.37, for a total value of $220,376.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Robert J. Eck also recently made the following trade(s):
- On Wednesday, March 7th, Robert J. Eck sold 12,200 shares of Anixter stock. The shares were sold at an average price of $76.04, for a total value of $927,688.00.
- On Tuesday, January 16th, Robert J. Eck sold 7,800 shares of Anixter stock. The shares were sold at an average price of $80.12, for a total value of $624,936.00.
- On Tuesday, January 2nd, Robert J. Eck sold 174 shares of Anixter stock. The shares were sold at an average price of $75.85, for a total value of $13,197.90.
- On Thursday, December 21st, Robert J. Eck sold 11,000 shares of Anixter stock. The shares were sold at an average price of $75.00, for a total value of $825,000.00.
Shares of Anixter stock opened at $74.70 on Monday. Anixter has a 1 year low of $62.40 and a 1 year high of $88.85. The stock has a market capitalization of $2,486.99, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.18 and a beta of 2.04. The company has a quick ratio of 1.18, a current ratio of 2.10 and a debt-to-equity ratio of 0.86.
Anixter (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 the consensus estimate of $1.31 by $0.10. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Anixter had a return on equity of 12.39% and a net margin of 1.38%. Anixter’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. research analysts predict that Anixter will post 6.35 EPS for the current fiscal year.
Several brokerages have issued reports on AXE. ValuEngine upgraded Anixter from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Zacks Investment Research upgraded Anixter from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a report on Thursday, February 1st. TheStreet upgraded Anixter from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. Finally, Wells Fargo restated a “market perform” rating and issued a $90.00 price target (up from $78.00) on shares of Anixter in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $90.00.
Several hedge funds have recently bought and sold shares of AXE. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Anixter by 50.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock worth $145,000 after buying an additional 640 shares during the period. Global X Management Co. LLC boosted its position in shares of Anixter by 75.3% during the fourth quarter. Global X Management Co. LLC now owns 2,305 shares of the technology company’s stock worth $175,000 after buying an additional 990 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Anixter during the third quarter worth about $209,000. Xact Kapitalforvaltning AB acquired a new position in shares of Anixter during the fourth quarter worth about $217,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Anixter by 231.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the technology company’s stock worth $230,000 after buying an additional 2,115 shares during the period. 92.55% of the stock is owned by institutional investors.
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Anixter Company Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.
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