First Midwest Bank Trust Division raised its stake in Anixter International Inc. (NYSE:AXE) by 46.7% during the second quarter, Holdings Channel reports. The institutional investor owned 10,638 shares of the company’s stock after buying an additional 3,387 shares during the period. First Midwest Bank Trust Division’s holdings in Anixter International were worth $567,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in Anixter International by 45.8% in the first quarter. BlackRock Inc. now owns 3,121 shares of the company’s stock valued at $162,000 after buying an additional 980 shares in the last quarter. Bank of Montreal Can purchased a new stake in Anixter International during the second quarter worth approximately $239,000. Huntington Asset Advisors Inc. purchased a new stake in Anixter International during the first quarter worth approximately $261,000. Independent Portfolio Consultants Inc. boosted its stake in Anixter International by 58.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,985 shares of the company’s stock worth $639,000 after buying an additional 4,425 shares during the period. Finally, Zebra Capital Management LLC boosted its stake in Anixter International by 66.2% in the first quarter. Zebra Capital Management LLC now owns 12,980 shares of the company’s stock worth $676,000 after buying an additional 5,172 shares during the period. Hedge funds and other institutional investors own 83.98% of the company’s stock.
Anixter International Inc. (NYSE:AXE) traded down 1.17% during mid-day trading on Tuesday, reaching $63.33. The company’s stock had a trading volume of 147,064 shares. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 26.33 and a beta of 2.02. Anixter International Inc. has a one year low of $37.60 and a one year high of $70.29. The stock has a 50-day moving average price of $62.35 and a 200-day moving average price of $58.38.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, July 26th. The company reported $1.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.32. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Anixter International had a return on equity of 11.93% and a net margin of 1.13%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS. Equities research analysts forecast that Anixter International Inc. will post $4.77 EPS for the current year.
AXE has been the subject of a number of research reports. Zacks Investment Research cut Anixter International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Imperial Capital upped their price objective on Anixter International from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $74.25.
In other Anixter International news, EVP William Galvin sold 4,100 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $266,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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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