Anixter International Inc. (AXE) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in Anixter International Inc. (NYSE:AXE) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,379,703 shares of the technology company’s stock after purchasing an additional 63,922 shares during the period. Dimensional Fund Advisors LP owned approximately 4.15% of Anixter International worth $117,275,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Chicago Equity Partners LLC bought a new position in shares of Anixter International in the second quarter worth approximately $1,389,000. Affinity Investment Advisors LLC bought a new position in shares of Anixter International in the third quarter worth approximately $264,000. Crossmark Global Holdings Inc. bought a new position in shares of Anixter International in the third quarter worth approximately $709,000. Victory Capital Management Inc. increased its position in shares of Anixter International by 12.2% in the third quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock worth $83,284,000 after purchasing an additional 106,813 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Anixter International by 11.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 201,081 shares of the technology company’s stock worth $15,725,000 after purchasing an additional 21,182 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.
In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of the 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert J. Eck sold 13,600 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total transaction of $1,088,000.00. The disclosure for this sale can be found here. Insiders have sold 29,958 shares of company stock worth $2,451,078 over the last quarter. Company insiders own 14.70% of the company’s stock.
Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. equities research analysts predict that Anixter International Inc. will post 5.13 EPS for the current fiscal year.
Several research firms recently weighed in on AXE. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Robert W. Baird restated 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 cut 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, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.00.
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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