Bowling Portfolio Management LLC purchased a new stake in Anixter International Inc. (NYSE:AXE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,952 shares of the technology company’s stock, valued at approximately $630,000.

Several other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its stake in shares of Anixter International by 10.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 9,290 shares of the technology company’s stock valued at $588,000 after acquiring an additional 850 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Anixter International by 34.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,074 shares of the technology company’s stock valued at $309,000 after acquiring an additional 1,047 shares during the last quarter. Affinity Investment Advisors LLC increased its stake in shares of Anixter International by 34.3% in the 1st quarter. Affinity Investment Advisors LLC now owns 4,210 shares of the technology company’s stock valued at $319,000 after acquiring an additional 1,075 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Anixter International by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 76,793 shares of the technology company’s stock valued at $4,861,000 after acquiring an additional 1,117 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Anixter International by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,785 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 1,347 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

In related news, Director Robert J. Eck sold 16,642 shares of the stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $75.00, for a total transaction of $1,248,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.60% of the stock is currently owned by corporate insiders.

NYSE AXE opened at $71.95 on Friday. Anixter International Inc. has a 52-week low of $56.25 and a 52-week high of $88.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.65 and a quick ratio of 0.94. The company has a market cap of $2.39 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.53 and a beta of 2.12.

Anixter International (NYSE:AXE) last posted its earnings results on Thursday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. Anixter International had a return on equity of 12.42% and a net margin of 1.29%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned $1.36 EPS. Anixter International’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts expect that Anixter International Inc. will post 5.83 earnings per share for the current year.

A number of analysts have recently commented on AXE shares. Longbow Research raised Anixter International from a “neutral” rating to a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research cut Anixter International from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Finally, ValuEngine cut Anixter International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.67.

Anixter International 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.

Read More: Asset Allocation

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

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