Connable Office Inc. Buys Shares of 3,398 Anixter International Inc. (AXE)

Connable Office Inc. bought a new position in Anixter International Inc. (NYSE:AXE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,398 shares of the technology company’s stock, valued at approximately $258,000.

Several other large investors have also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Anixter International by 3.6% in the 4th quarter. Swiss National Bank now owns 51,800 shares of the technology company’s stock worth $3,937,000 after acquiring an additional 1,800 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Anixter International by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 96,121 shares of the technology company’s stock worth $7,305,000 after acquiring an additional 3,195 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Anixter International by 316.3% in the 4th quarter. Teacher Retirement System of Texas now owns 10,224 shares of the technology company’s stock worth $777,000 after acquiring an additional 7,768 shares in the last quarter. First National Bank of Omaha raised its position in shares of Anixter International by 17.1% in the 4th quarter. First National Bank of Omaha now owns 20,655 shares of the technology company’s stock worth $1,570,000 after acquiring an additional 3,015 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Anixter International by 11.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,320 shares of the technology company’s stock worth $708,000 after acquiring an additional 980 shares in the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.

AXE has been the subject of several research reports. Zacks Investment Research lowered Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet raised Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. ValuEngine raised Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 price objective (up previously from $78.00) on shares of Anixter International in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $90.00.

In other Anixter International news, CEO Robert J. Eck sold 7,800 shares of Anixter International stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total value of $624,936.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Standish sold 1,758 shares of Anixter International stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total value of $114,270.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,732 shares of company stock valued at $1,577,404. 14.70% of the stock is owned by corporate insiders.

Anixter International Inc. (NYSE AXE) opened at $76.65 on Tuesday. Anixter International Inc. has a 52-week low of $62.40 and a 52-week high of $88.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10. The firm has a market capitalization of $2,540.34, a P/E ratio of 14.80, a P/E/G ratio of 1.20 and a beta of 2.06.

Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts forecast that Anixter International Inc. will post 6.35 earnings per share for the current year.

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

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