Anixter International Inc. (AXE) Holdings Boosted by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its holdings in Anixter International Inc. (NYSE:AXE) by 79.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,653 shares of the technology company’s stock after purchasing an additional 25,128 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Anixter International worth $4,815,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Anixter International by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock valued at $230,666,000 after purchasing an additional 126,313 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Anixter International by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock valued at $113,928,000 after acquiring an additional 81,578 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Anixter International by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,781 shares of the technology company’s stock valued at $102,894,000 after acquiring an additional 100,300 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Anixter International by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after acquiring an additional 106,813 shares in the last quarter. Finally, State Street Corp raised its position in shares of Anixter International by 2.8% during the 2nd quarter. State Street Corp now owns 743,423 shares of the technology company’s stock valued at $58,132,000 after acquiring an additional 20,422 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.
In other Anixter International news, VP William Standish sold 1,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $76.95, for a total value of $76,950.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert J. Eck sold 11,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $85.31, for a total value of $938,410.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 9,000 shares of company stock worth $1,595 and sold 30,958 shares worth $2,528,028. 14.70% of the stock is owned by company insiders.
Shares of Anixter International Inc. (NYSE:AXE) opened at $70.55 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. The stock has a market capitalization of $2,332.39, a P/E ratio of 13.85, a P/E/G ratio of 1.37 and a beta of 2.03. Anixter International Inc. has a 52-week low of $62.40 and a 52-week high of $88.60.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.21). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. research analysts predict that Anixter International Inc. will post 5.13 earnings per share for the current year.
Several research firms recently issued reports on AXE. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. TheStreet lowered Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Finally, Robert W. Baird reissued a “hold” rating and set a $86.00 price target on shares of Anixter International in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Anixter International has an average rating of “Hold” and a consensus price target of $86.00.
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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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