Strs Ohio decreased its position in shares of Anixter International Inc. (NYSE:AXE) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,200 shares of the technology company’s stock after selling 300 shares during the quarter. Strs Ohio owned approximately 0.05% of Anixter International worth $1,027,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tributary Capital Management LLC grew its position in shares of Anixter International by 14.2% during the 1st quarter. Tributary Capital Management LLC now owns 268,143 shares of the technology company’s stock worth $15,046,000 after buying an additional 33,439 shares in the last quarter. Bailard Inc. bought a new position in shares of Anixter International during the 1st quarter worth $404,000. Piedmont Investment Advisors Inc. grew its position in shares of Anixter International by 5.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,267 shares of the technology company’s stock worth $408,000 after buying an additional 403 shares in the last quarter. Norges Bank bought a new position in shares of Anixter International during the 4th quarter worth $25,805,000. Finally, Victory Capital Management Inc. grew its position in shares of Anixter International by 14.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,881,482 shares of the technology company’s stock worth $105,570,000 after buying an additional 236,884 shares in the last quarter. 85.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert J. Eck sold 70,706 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $62.63, for a total transaction of $4,428,316.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director F Philip Handy sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $65.15, for a total value of $130,300.00. The disclosure for this sale can be found here. 11.00% of the stock is owned by company insiders.
A number of research firms have recently issued reports on AXE. ValuEngine downgraded Anixter International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 6th. TheStreet downgraded Anixter International from a “b-” rating to a “c+” rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research raised Anixter International from a “hold” rating to a “strong-buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, July 30th.
Shares of AXE stock opened at $59.12 on Wednesday. Anixter International Inc. has a 1-year low of $50.05 and a 1-year high of $73.68. The company’s 50-day moving average is $59.40. The company has a market capitalization of $2.02 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.16 and a beta of 1.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 2.08.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.52. Anixter International had a return on equity of 13.80% and a net margin of 2.21%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $1.53 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Anixter International Inc. will post 6.47 EPS for the current fiscal year.
Anixter International Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments.
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