Mason Street Advisors LLC Buys New Position in Anixter International Inc. (AXE)
Mason Street Advisors LLC bought a new position in Anixter International Inc. (NYSE:AXE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,557 shares of the company’s stock, valued at approximately $296,000.
Several other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted 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 during the last quarter. BlackRock Group LTD boosted its position in shares of Anixter International by 12.2% in the first quarter. BlackRock Group LTD now owns 39,849 shares of the company’s stock worth $2,077,000 after buying an additional 4,318 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Anixter International by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 36,837 shares of the company’s stock worth $1,919,000 after buying an additional 2,076 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Anixter International by 1.5% in the second quarter. California Public Employees Retirement System now owns 122,100 shares of the company’s stock worth $6,506,000 after buying an additional 1,800 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Anixter International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 717,717 shares of the company’s stock worth $37,400,000 after buying an additional 5,447 shares during the last quarter. 83.98% of the stock is owned by institutional investors and hedge funds.
Shares of Anixter International Inc. (NYSE:AXE) opened at 62.22 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.87 and a beta of 2.02. The company’s 50-day moving average price is $62.38 and its 200-day moving average price is $58.55. Anixter International Inc. has a 52-week low of $37.60 and a 52-week high of $70.29.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.32 EPS for the quarter, hitting analysts’ consensus estimates of $1.32. Anixter International had a return on equity of 11.93% and a net margin of 1.13%. The business earned $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $1.15 earnings per share. Anixter International’s quarterly revenue was up 32.1% on a year-over-year basis. Equities research analysts forecast that Anixter International Inc. will post $4.77 EPS for the current fiscal year.
AXE has been the subject of a number of recent research reports. Zacks Investment Research cut Anixter International from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Imperial Capital increased their target price on Anixter International from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Three 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 an average target price of $74.25.
In related 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.60% of the company’s stock.
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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