Rhumbline Advisers Has $5.57 Million Stake in Anixter International Inc. (AXE)
Rhumbline Advisers raised its stake in Anixter International Inc. (NYSE:AXE) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,545 shares of the technology company’s stock after acquiring an additional 1,227 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Anixter International worth $5,571,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC acquired a new position in shares of Anixter International in the second quarter worth $1,389,000. Affinity Investment Advisors LLC acquired a new position in shares of Anixter International in the third quarter worth $264,000. Victory Capital Management Inc. raised its holdings 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 acquiring an additional 106,813 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Anixter International in the third quarter worth $709,000. Finally, Schwab Charles Investment Management Inc. raised its holdings 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 acquiring an additional 21,182 shares during the last quarter. 87.11% of the stock is owned by institutional investors.
In other news, VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $76.95, for a total value of $76,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Eck sold 2,600 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The disclosure for this sale can be found here. In the last three months, insiders have acquired 24,000 shares of company stock valued at $4,195 and have sold 30,958 shares valued at $2,528,028. 14.70% of the stock is currently owned by insiders.
Anixter International Inc. (NYSE AXE) traded up $0.80 during mid-day trading on Friday, reaching $72.30. The company’s stock had a trading volume of 248,020 shares, compared to its average volume of 167,988. Anixter International Inc. has a 1 year low of $62.40 and a 1 year high of $88.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. The stock has a market capitalization of $2,378.97, a P/E ratio of 14.13, a PEG ratio of 1.39 and a beta of 2.03.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm posted $1.38 EPS. Anixter International’s revenue was up 3.1% on a year-over-year basis. equities analysts predict that Anixter International Inc. will post 5.13 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on AXE shares. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Anixter International in a research report on Friday, September 1st. BidaskClub downgraded Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, TheStreet downgraded Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.00.
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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