Anixter International Inc. (NYSE:AXE) CEO Robert J. Eck sold 2,600 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $86.23, for a total value of $224,198.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Robert J. Eck also recently made the following trade(s):
- On Monday, October 2nd, Robert J. Eck sold 11,000 shares of Anixter International stock. The shares were sold at an average price of $85.31, for a total value of $938,410.00.
- On Thursday, September 21st, Robert J. Eck sold 13,600 shares of Anixter International stock. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00.
Shares of Anixter International Inc. (NYSE:AXE) traded up 1.34% during trading on Tuesday, hitting $87.25. The company had a trading volume of 112,924 shares. Anixter International Inc. has a 52-week low of $59.95 and a 52-week high of $88.30. The firm has a market capitalization of $2.90 billion, a P/E ratio of 19.93 and a beta of 2.03. The stock’s 50-day moving average is $79.82 and its 200 day moving average is $78.17.
Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.36. Anixter International had a net margin of 2.00% and a return on equity of 11.74%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Anixter International Inc. will post $5.35 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Anixter International by 44,948.8% in the first quarter. BlackRock Inc. now owns 3,703,911 shares of the technology company’s stock valued at $293,721,000 after buying an additional 3,695,689 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Anixter International by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock worth $230,666,000 after purchasing an additional 126,313 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Anixter International by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock worth $113,928,000 after purchasing an additional 81,578 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Anixter International by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,781 shares of the technology company’s stock worth $102,894,000 after purchasing an additional 100,300 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Anixter International by 2.8% during the 2nd quarter. State Street Corp now owns 743,423 shares of the technology company’s stock worth $58,132,000 after purchasing an additional 20,422 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. Wells Fargo & Company reissued a “market perform” rating and issued a $82.00 price objective (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Wolfe Research started coverage on Anixter International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price target for the company. BidaskClub lowered Anixter International from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Robert W. Baird restated a “hold” rating and issued a $86.00 price target on shares of Anixter International in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Anixter International presently has an average rating of “Hold” and an average price target of $86.00.
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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