Strs Ohio reduced its stake in shares of Anixter International Inc. (NYSE:AXE) by 3.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,900 shares of the company’s stock after selling 700 shares during the period. Strs Ohio’s holdings in Anixter International were worth $1,006,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Anixter International by 71.3% in the second quarter. BNP Paribas Arbitrage SA now owns 13,865 shares of the company’s stock valued at $739,000 after buying an additional 5,769 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Anixter International during the first quarter valued at approximately $1,943,000. Kennedy Capital Management Inc. bought a new stake in Anixter International during the first quarter valued at approximately $2,596,000. State Street Corp boosted its stake in Anixter International by 5.7% in the first quarter. State Street Corp now owns 632,845 shares of the company’s stock valued at $32,977,000 after buying an additional 34,086 shares in the last quarter. 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 valued at $676,000 after buying an additional 5,172 shares in the last quarter. 83.98% of the stock is currently owned by institutional investors and hedge funds.
Anixter International Inc. (NYSE:AXE) traded up 1.62% on Friday, hitting $60.80. 156,492 shares of the stock traded hands. The firm has a market capitalization of $2.01 billion, a PE ratio of 25.28 and a beta of 2.02. The stock has a 50 day moving average of $62.12 and a 200 day moving average of $58.87. Anixter International Inc. has a 52 week low of $37.60 and a 52 week high of $70.29.
Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, July 26th. The company reported $1.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.32. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Anixter International had a net margin of 1.13% and a return on equity of 11.93%. Anixter International’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. Equities research analysts anticipate that Anixter International Inc. will post $4.77 earnings per share for the current year.
Several research firms recently commented on AXE. 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 lifted their price target 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Anixter International has an average rating of “Hold” and a consensus price target of $74.25.
In related news, EVP William Galvin sold 4,100 shares of the stock in a transaction 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 document filed with the SEC, which can be accessed through this link. 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.
Want to see what other hedge funds are holding AXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anixter International Inc. (NYSE:AXE).
Receive News & Ratings for Anixter International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.