Oppenheimer Asset Management Inc. trimmed its holdings in Anixter International Inc. (NYSE:AXE) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,462 shares of the technology company’s stock after selling 2,779 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Anixter International were worth $731,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. California Public Employees Retirement System grew its stake in shares of Anixter International by 1.1% in the second quarter. California Public Employees Retirement System now owns 96,471 shares of the technology company’s stock worth $6,107,000 after acquiring an additional 1,012 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Anixter International in the second quarter worth approximately $444,000. Northern Trust Corp grew its stake in shares of Anixter International by 2.6% in the second quarter. Northern Trust Corp now owns 350,679 shares of the technology company’s stock worth $22,197,000 after acquiring an additional 8,808 shares during the period. First Hawaiian Bank bought a new stake in shares of Anixter International in the third quarter worth approximately $695,000. Finally, Alpha Windward LLC bought a new stake in shares of Anixter International in the third quarter worth approximately $523,000. 91.29% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE AXE opened at $59.06 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.06. The company has a market cap of $1.98 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.99. Anixter International Inc. has a 12-month low of $50.05 and a 12-month high of $80.50.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, January 29th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. Anixter International had a net margin of 1.86% and a return on equity of 12.96%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 earnings per share. Equities research analysts anticipate that Anixter International Inc. will post 6.1 EPS for the current year.
A number of analysts have recently commented on AXE shares. ValuEngine upgraded shares of Anixter International from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Wells Fargo & Co reduced their price target on shares of Anixter International from $70.00 to $60.00 and set a “market perform” rating for the company in a research note on Friday, December 21st. TheStreet lowered shares of Anixter International from a “b-” rating to a “c+” rating in a research note on Monday, December 10th. Finally, Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Anixter International presently has a consensus rating of “Hold” and a consensus price target of $70.50.
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Anixter International 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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