Two Sigma Investments LP acquired a new stake in Anixter International Inc. (NYSE:AXE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,518 shares of the company’s stock, valued at approximately $1,420,000.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Anixter International by 8.2% in the third quarter. BlackRock Fund Advisors now owns 2,051,346 shares of the company’s stock valued at $132,312,000 after buying an additional 154,775 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Anixter International by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,156,223 shares of the company’s stock valued at $93,714,000 after buying an additional 114,337 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in Anixter International by 2.9% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,121,433 shares of the company’s stock valued at $90,892,000 after buying an additional 32,026 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Anixter International by 9.2% in the third quarter. Victory Capital Management Inc. now owns 1,118,116 shares of the company’s stock valued at $72,118,000 after buying an additional 94,666 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Anixter International by 44.1% in the third quarter. TIAA CREF Investment Management LLC now owns 1,001,131 shares of the company’s stock valued at $64,573,000 after buying an additional 306,352 shares in the last quarter. 84.73% of the stock is owned by institutional investors and hedge funds.

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

Shares of Anixter International Inc. (NYSE:AXE) opened at 81.35 on Tuesday. The company has a market cap of $2.69 billion, a PE ratio of 22.65 and a beta of 1.99. Anixter International Inc. has a 52-week low of $48.50 and a 52-week high of $88.00. The company’s 50-day moving average is $82.81 and its 200 day moving average is $74.35.

Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, January 31st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.11. Anixter International had a return on equity of 13.11% and a net margin of 1.58%. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm posted $1.05 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Anixter International Inc. will post $5.27 EPS for the current year.

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AXE has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Longbow Research cut shares of Anixter International from a “buy” rating to a “neutral” rating in a research report on Friday, December 2nd. They noted that the move was a valuation call. Wells Fargo & Co initiated coverage on shares of Anixter International in a research report on Tuesday. They set a “market perform” rating for the company. Finally, Imperial Capital cut shares of Anixter International from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $72.00 to $88.00 in a research report on Thursday, February 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $98.33.

In related news, VP William Standish sold 1,000 shares of Anixter International stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $81.55, for a total value of $81,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert J. Eck sold 5,000 shares of Anixter International stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $80.87, for a total value of $404,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,862 shares of company stock valued at $2,144,118. Insiders own 14.60% of the company’s stock.

About Anixter International

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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.

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