Systematic Financial Management LP lifted its stake in shares of Anixter International Inc. (NYSE:AXE) by 21.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,450 shares of the technology company’s stock after buying an additional 3,945 shares during the quarter. Systematic Financial Management LP owned about 0.07% of Anixter International worth $1,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXE. Point72 Asia Hong Kong Ltd bought a new position in Anixter International during the first quarter worth about $160,000. Verition Fund Management LLC bought a new position in Anixter International during the first quarter worth about $214,000. Suntrust Banks Inc. bought a new position in Anixter International during the first quarter worth about $215,000. Pitcairn Co. bought a new position in Anixter International during the first quarter worth about $249,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Anixter International by 34.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,074 shares of the technology company’s stock worth $309,000 after acquiring an additional 1,047 shares during the period. Institutional investors own 93.01% of the company’s stock.

NYSE:AXE opened at $72.20 on Friday. Anixter International Inc. has a 52 week low of $56.25 and a 52 week high of $88.85. The stock has a market cap of $2.43 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.56 and a beta of 2.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.65.

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

In other Anixter International news, Director Robert J. Eck sold 16,642 shares of the firm’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $75.00, for a total value of $1,248,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.60% of the stock is owned by company insiders.

A number of research firms recently commented on AXE. ValuEngine raised shares of Anixter International from a “strong sell” rating to a “sell” rating in a research report on Friday, July 20th. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Monday, July 30th. Finally, Longbow Research raised shares of Anixter International from a “neutral” rating to a “buy” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.67.

Anixter International Company 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.

See Also: Hedge Funds Explained

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

Receive News & Ratings for Anixter International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International and related companies with MarketBeat.com's FREE daily email newsletter.