Prudential Financial Inc. increased its position in Anixter International Inc. (NYSE:AXE) by 29.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,743 shares of the company’s stock after buying an additional 59,073 shares during the period. Prudential Financial Inc. owned 0.79% of Anixter International worth $13,946,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Anixter International by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 24,210 shares of the company’s stock worth $1,290,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Anixter International by 0.5% in the second quarter. California State Teachers Retirement System now owns 60,924 shares of the company’s stock worth $3,246,000 after buying an additional 294 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Anixter International by 13.3% in the second quarter. Quantbot Technologies LP now owns 2,866 shares of the company’s stock worth $152,000 after buying an additional 337 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Anixter International by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,139 shares of the company’s stock worth $221,000 after buying an additional 509 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Anixter International by 2.6% in the second quarter. Nationwide Fund Advisors now owns 21,174 shares of the company’s stock worth $1,128,000 after buying an additional 541 shares in the last quarter. 83.98% of the stock is currently owned by institutional investors.
Shares of Anixter International Inc. (NYSE:AXE) opened at 64.50 on Friday. Anixter International Inc. has a 12-month low of $37.60 and a 12-month high of $70.29. The company’s 50-day moving average is $62.28 and its 200-day moving average is $58.04. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.82 and a beta of 2.07.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, July 26th. The company reported $1.32 earnings per share for the quarter, hitting the consensus estimate of $1.32. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Anixter International had a net margin of 1.13% and a return on equity of 11.93%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. On average, equities analysts forecast 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 the stock. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, July 28th. Imperial Capital raised their target price on shares of Anixter International from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.25.
In related news, EVP William Galvin sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $266,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by insiders.
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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