State of Tennessee Treasury Department held its position in shares of Anixter International Inc. (NYSE:AXE) during the third quarter, Holdings Channel reports. The fund owned 22,633 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department’s holdings in Anixter International were worth $1,460,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. First Midwest Bank Trust Division boosted its position in shares of Anixter International by 46.7% in the second quarter. First Midwest Bank Trust Division now owns 10,638 shares of the company’s stock valued at $567,000 after buying an additional 3,387 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Anixter International by 37.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,912 shares of the company’s stock worth $741,000 after buying an additional 3,767 shares during the period. First Trust Advisors LP boosted its position in Anixter International by 128.2% in the second quarter. First Trust Advisors LP now owns 30,771 shares of the company’s stock worth $1,639,000 after buying an additional 17,285 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new position in Anixter International during the second quarter worth approximately $6,119,000. Finally, Ameriprise Financial Inc. boosted its position in Anixter International by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 140,751 shares of the company’s stock worth $7,499,000 after buying an additional 5,083 shares during the period. 83.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Anixter International Inc. (NYSE:AXE) traded down 2.56% during trading on Thursday, reaching $77.95. The company’s stock had a trading volume of 336,170 shares. Anixter International Inc. has a 12-month low of $37.60 and a 12-month high of $84.05. The stock’s 50-day moving average is $81.22 and its 200-day moving average is $67.56. The stock has a market cap of $2.58 billion, a P/E ratio of 29.45 and a beta of 2.00.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, October 25th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. The firm earned $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. Anixter International had a return on equity of 12.19% and a net margin of 1.17%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Equities research analysts anticipate that Anixter International Inc. will post $4.77 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on AXE shares. Longbow Research cut Anixter International from a “buy” rating to a “neutral” rating in a report on Friday, December 2nd. They noted that the move was a valuation call. Zacks Investment Research cut Anixter International from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Imperial Capital raised Anixter International from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $64.00 to $72.00 in a report on Thursday, October 27th. Finally, TheStreet raised Anixter International from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Anixter International presently has a consensus rating of “Buy” and a consensus target price of $82.25.
In other news, VP William Standish sold 1,000 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $82.05, for a total transaction of $82,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Galvin sold 20,312 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $80.01, for a total value of $1,625,163.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,378 shares of company stock valued at $3,019,135. Corporate insiders own 14.60% of the company’s stock.
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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.
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