Anixter International Inc. (AXE) Position Lifted by GSA Capital Partners LLP
GSA Capital Partners LLP increased its stake in Anixter International Inc. (NYSE:AXE) by 176.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,057 shares of the technology company’s stock after buying an additional 7,052 shares during the period. GSA Capital Partners LLP’s holdings in Anixter International were worth $865,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Anixter International by 44,948.8% during the 1st quarter. BlackRock Inc. now owns 3,703,911 shares of the technology company’s stock worth $293,721,000 after purchasing an additional 3,695,689 shares during the period. Vanguard Group Inc. raised its position in Anixter International by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 2,823,375 shares of the technology company’s stock valued at $223,894,000 after purchasing an additional 303,406 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Anixter International by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock worth $113,928,000 after buying an additional 81,578 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Anixter International by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,481 shares of the technology company’s stock worth $96,386,000 after buying an additional 59,258 shares during the period. Finally, Fiduciary Management Inc. WI lifted its holdings in shares of Anixter International by 6.7% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,196,538 shares of the technology company’s stock worth $94,885,000 after buying an additional 75,105 shares during the period. 85.53% of the stock is currently owned by institutional investors.
AXE has been the topic of a number of recent research reports. Zacks Investment Research raised Anixter International from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, June 6th. Robert W. Baird restated a “hold” rating and set a $86.00 price target on shares of Anixter International in a research note on Friday, September 1st. BidaskClub upgraded Anixter International from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Wells Fargo & Company restated a “market perform” rating and issued a $82.00 price objective (down from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Finally, Wolfe Research assumed coverage on shares of Anixter International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.00.
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In other news, VP William Standish sold 1,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $77.55, for a total transaction of $77,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert J. Eck sold 13,600 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $80.00, for a total value of $1,088,000.00. The disclosure for this sale can be found here. In the last three months, insiders acquired 557,777 shares of company stock valued at $42,813,066 and sold 27,600 shares valued at $2,255,610. Company insiders own 14.70% of the company’s stock.
Anixter International Inc. (NYSE AXE) opened at 88.00 on Wednesday. Anixter International Inc. has a 52 week low of $58.99 and a 52 week high of $88.10. The company has a 50-day moving average of $76.28 and a 200-day moving average of $77.72. The company has a market cap of $2.91 billion, a P/E ratio of 24.50 and a beta of 2.03.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 EPS. On average, equities research analysts predict that Anixter International Inc. will post $5.35 EPS for the current year.
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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