Fiduciary Management Inc. WI reduced its position in Anixter International Inc. (NYSE:AXE) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,184,567 shares of the technology company’s stock after selling 14,165 shares during the period. Fiduciary Management Inc. WI owned about 3.56% of Anixter International worth $100,688,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after acquiring an additional 712 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Anixter International during the 2nd quarter valued at $158,000. Riverhead Capital Management LLC raised its stake in Anixter International by 77.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock valued at $167,000 after buying an additional 931 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Anixter International during the 3rd quarter valued at $209,000. Finally, Flinton Capital Management LLC raised its stake in Anixter International by 64.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $218,000 after buying an additional 1,088 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.
In other news, VP William Standish sold 1,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $76.95, for a total transaction of $76,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Eck sold 11,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $85.31, for a total transaction of $938,410.00. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 14,000 shares of company stock valued at $2,495 and have sold 30,958 shares valued at $2,528,028. 14.70% of the stock is currently owned by insiders.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Anixter International had a net margin of 1.86% and a return on equity of 12.52%. Anixter International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. equities research analysts predict that Anixter International Inc. will post 5.13 earnings per share for the current year.
A number of equities research analysts have weighed in on AXE shares. TheStreet lowered shares of Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Robert W. Baird reiterated a “hold” rating and set a $86.00 target price on shares of Anixter International in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.00.
About Anixter International
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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