Louisiana State Employees Retirement System maintained its position in Anixter International Inc. (NYSE:AXE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the technology company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Anixter International were worth $907,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in Anixter International during the first quarter valued at approximately $4,243,000. First Midwest Bank Trust Division increased its position in Anixter International by 9.1% in the first quarter. First Midwest Bank Trust Division now owns 10,791 shares of the technology company’s stock valued at $856,000 after buying an additional 903 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new position in Anixter International during the first quarter valued at approximately $245,000. Sit Investment Associates Inc. increased its position in Anixter International by 59.8% in the first quarter. Sit Investment Associates Inc. now owns 34,750 shares of the technology company’s stock valued at $2,756,000 after buying an additional 13,000 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in Anixter International by 6.6% in the first quarter. Independent Portfolio Consultants Inc. now owns 12,880 shares of the technology company’s stock valued at $1,021,000 after buying an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.
Anixter International Inc. (NYSE:AXE) opened at 71.05 on Friday. Anixter International Inc. has a 12 month low of $58.55 and a 12 month high of $88.00. The stock’s 50 day moving average price is $77.60 and its 200-day moving average price is $79.14. The company has a market capitalization of $2.36 billion, a P/E ratio of 16.23 and a beta of 1.98.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.36. Anixter International had a return on equity of 13.09% and a net margin of 1.91%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $1.32 EPS. Anixter International’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Anixter International Inc. will post $5.35 EPS for the current fiscal year.
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Several equities analysts have commented on the company. Zacks Investment Research upgraded 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. Wolfe Research assumed coverage on Anixter International in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 target price for the company. BidaskClub downgraded Anixter International from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $82.00 price objective (down from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Anixter International has an average rating of “Hold” and an average target price of $86.00.
In other Anixter International news, Director Samuel Zell purchased 526,277 shares of the stock in a transaction on Wednesday, July 26th. The stock was acquired at an average price of $81.34 per share, with a total value of $42,807,371.18. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $74.70, for a total value of $74,700.00. The disclosure for this sale can be found here. In the last three months, insiders bought 556,277 shares of company stock valued at $42,812,881 and sold 3,000 shares valued at $228,450. Insiders own 14.70% of the company’s stock.
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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