BlackRock Advisors LLC lowered its stake in shares of Anixter International Inc. (NYSE:AXE) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 90,752 shares of the company’s stock after selling 10,173 shares during the period. BlackRock Advisors LLC owned 0.27% of Anixter International worth $4,835,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in AXE. Nisa Investment Advisors LLC boosted its stake 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 valued at $1,290,000 after buying an additional 100 shares in the last quarter. BlackRock Group LTD boosted its position in Anixter International by 12.2% in the first quarter. BlackRock Group LTD now owns 39,849 shares of the company’s stock valued at $2,077,000 after buying an additional 4,318 shares during the period. JPMorgan Chase & Co. boosted its position in Anixter International by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 36,837 shares of the company’s stock valued at $1,919,000 after buying an additional 2,076 shares during the period. California Public Employees Retirement System boosted its position in Anixter International by 1.5% in the second quarter. California Public Employees Retirement System now owns 122,100 shares of the company’s stock valued at $6,506,000 after buying an additional 1,800 shares during the period. Finally, First Midwest Bank Trust Division boosted its position in 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 during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Anixter International Inc. (NYSE:AXE) opened at 60.80 on Tuesday. Anixter International Inc. has a 12 month low of $37.60 and a 12 month high of $70.29. The firm’s 50-day moving average is $62.05 and its 200-day moving average is $59.04. The company has a market capitalization of $2.01 billion, a PE ratio of 25.28 and a beta of 2.02.
Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.32. Anixter International had a return on equity of 11.93% and a net margin of 1.13%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. Equities analysts anticipate that Anixter International Inc. will post $4.77 EPS for the current fiscal year.
AXE has been the topic of several research analyst reports. Zacks Investment Research cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Imperial Capital upped their price objective on shares of Anixter International from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Anixter International currently has an average rating of “Hold” and a consensus target price of $74.25.
In other news, EVP William Galvin sold 4,100 shares of Anixter International stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $266,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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