First Trust Advisors LP Has $1.94 Million Holdings in Anixter International Inc. (AXE)

First Trust Advisors LP raised its position in shares of Anixter International Inc. (NYSE:AXE) by 36.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,780 shares of the technology company’s stock after buying an additional 6,132 shares during the quarter. First Trust Advisors LP owned about 0.07% of Anixter International worth $1,936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AXE. Amalgamated Bank raised its position in shares of Anixter International by 1.3% in the 2nd quarter. Amalgamated Bank now owns 3,973 shares of the technology company’s stock valued at $311,000 after purchasing an additional 51 shares during the last quarter. OxFORD Asset Management LLP raised its position in shares of Anixter International by 1.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 4,604 shares of the technology company’s stock valued at $360,000 after purchasing an additional 68 shares during the last quarter. US Bancorp DE raised its position in shares of Anixter International by 1.6% in the 2nd quarter. US Bancorp DE now owns 4,527 shares of the technology company’s stock valued at $354,000 after purchasing an additional 72 shares during the last quarter. Strs Ohio raised its position in shares of Anixter International by 1.3% in the 2nd quarter. Strs Ohio now owns 15,900 shares of the technology company’s stock valued at $1,243,000 after purchasing an additional 200 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Anixter International by 0.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 24,432 shares of the technology company’s stock valued at $1,911,000 after purchasing an additional 203 shares during the last quarter. 87.11% of the stock is owned by institutional investors and hedge funds.

In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $86.23, for a total transaction of $224,198.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Standish sold 1,758 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 24,000 shares of company stock valued at $4,195 and have sold 30,958 shares valued at $2,528,028. Company insiders own 14.70% of the company’s stock.

Anixter International Inc. (AXE) opened at $67.10 on Tuesday. Anixter International Inc. has a 1 year low of $62.40 and a 1 year high of $88.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. The stock has a market cap of $2,210.95, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.29 and a beta of 2.02.

Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $1.38 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. equities analysts predict that Anixter International Inc. will post 5.13 earnings per share for the current fiscal year.

Several brokerages recently commented on AXE. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Anixter International in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $86.00.

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Anixter International 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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Institutional Ownership by Quarter for Anixter International (NYSE:AXE)

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