Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink.
William Standish also recently made the following trade(s):
- On Thursday, June 15th, William Standish sold 1,000 shares of Anixter International stock. The stock was sold at an average price of $76.20, for a total transaction of $76,200.00.
- On Monday, May 15th, William Standish sold 1,000 shares of Anixter International stock. The stock was sold at an average price of $78.60, for a total transaction of $78,600.00.
Anixter International Inc. (NYSE AXE) traded down 1.32% on Friday, reaching $78.25. 20,727 shares of the company traded hands. The company has a market capitalization of $2.60 billion, a PE ratio of 20.53 and a beta of 1.98. The stock’s 50 day moving average price is $77.45 and its 200 day moving average price is $79.72. Anixter International Inc. has a one year low of $56.23 and a one year high of $88.00.
Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. Anixter International had a net margin of 1.67% and a return on equity of 13.31%. Anixter International’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, equities research analysts predict that Anixter International Inc. will post $5.35 EPS for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in Anixter International by 100.0% in the first quarter. Acrospire Investment Management LLC now owns 1,600 shares of the technology company’s stock worth $127,000 after buying an additional 800 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Anixter International during the first quarter worth $144,000. Invictus RG bought a new stake in shares of Anixter International during the first quarter worth approximately $230,000. Dubuque Bank & Trust Co. bought a new stake in shares of Anixter International during the first quarter worth approximately $245,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Anixter International by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,160 shares of the technology company’s stock worth $250,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.
AXE has been the subject of several recent research reports. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Friday, April 28th. BidaskClub raised shares of Anixter International from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Wells Fargo & Company reissued a “market perform” rating and set a $82.00 target price (down from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Finally, Wolfe Research initiated coverage on shares of Anixter International in a research report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently 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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