Dimensional Fund Advisors LP increased its stake in shares of Anixter International Inc. (NYSE:AXE) by 17.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 896,526 shares of the company’s stock after buying an additional 130,661 shares during the period. Dimensional Fund Advisors LP owned about 2.71% of Anixter International worth $47,766,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in Anixter International by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,139 shares of the company’s stock valued at $221,000 after buying an additional 509 shares during the last quarter. Tributary Capital Management LLC boosted its position in Anixter International by 11.4% in the second quarter. Tributary Capital Management LLC now owns 140,307 shares of the company’s stock valued at $7,476,000 after buying an additional 14,350 shares during the last quarter. SECOR Capital Advisors LP boosted its position in Anixter International by 66.9% in the second quarter. SECOR Capital Advisors LP now owns 12,244 shares of the company’s stock valued at $652,000 after buying an additional 4,907 shares during the last quarter. Victory Capital Management Inc. boosted its position in Anixter International by 8.7% in the second quarter. Victory Capital Management Inc. now owns 1,023,450 shares of the company’s stock valued at $54,529,000 after buying an additional 81,887 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Anixter International by 2.6% in the second quarter. Nationwide Fund Advisors now owns 21,174 shares of the company’s stock valued at $1,128,000 after buying an additional 541 shares during the last quarter. Institutional investors own 83.98% of the company’s stock.
Shares of Anixter International Inc. (NYSE:AXE) opened at 62.98 on Tuesday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 26.19 and a beta of 2.02. The firm’s 50-day moving average price is $62.37 and its 200 day moving average price is $58.76. Anixter International Inc. has a 52 week low of $37.60 and a 52 week high of $70.29.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, July 26th. The company reported $1.32 EPS for the quarter, hitting 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 company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.15 EPS. Anixter International’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, equities research analysts forecast that Anixter International Inc. will post $4.77 EPS for the current year.
Several research firms recently commented on AXE. Zacks Investment Research upgraded Anixter International from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, July 28th. Imperial Capital boosted their target price on Anixter International from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently 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 firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $266,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 14.60% of the stock is owned by corporate insiders.
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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.
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