Advisor Group Inc. decreased its position in shares of Anixter International Inc. (NYSE:AXE) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,774 shares of the technology company’s stock after selling 958 shares during the quarter. Advisor Group Inc.’s holdings in Anixter International were worth $151,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Anixter International by 6.6% in the 4th quarter. BlackRock Inc. now owns 4,458,383 shares of the technology company’s stock worth $242,135,000 after buying an additional 277,414 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Anixter International by 12.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,644,598 shares of the technology company’s stock worth $89,318,000 after purchasing an additional 176,699 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Anixter International by 0.6% in the fourth quarter. Fisher Asset Management LLC now owns 747,645 shares of the technology company’s stock worth $40,605,000 after purchasing an additional 4,304 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Anixter International by 17.6% in the third quarter. Macquarie Group Ltd. now owns 552,472 shares of the technology company’s stock worth $38,839,000 after purchasing an additional 82,713 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Anixter International by 4.3% during the fourth quarter. Bank of New York Mellon Corp now owns 385,330 shares of the technology company’s stock valued at $20,928,000 after purchasing an additional 15,967 shares during the period. 87.00% of the stock is owned by institutional investors.
In other Anixter International news, Director Robert J. Eck sold 32,264 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $61.55, for a total value of $1,985,849.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.60% of the stock is owned by insiders.
Shares of AXE stock opened at $59.91 on Friday. Anixter International Inc. has a 1 year low of $50.05 and a 1 year high of $80.10. The firm has a market cap of $2.01 billion, a PE ratio of 10.28, a PEG ratio of 1.21 and a beta of 1.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.95.
Anixter International (NYSE:AXE) last announced its quarterly earnings data on Tuesday, January 29th. The technology company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.08. Anixter International had a return on equity of 12.96% and a net margin of 1.86%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that Anixter International Inc. will post 6.1 earnings per share for the current year.
A number of brokerages recently weighed in on AXE. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Wells Fargo & Co reduced their price target on shares of Anixter International from $70.00 to $60.00 and set a “market perform” rating for the company in a research note on Friday, December 21st. Finally, ValuEngine cut shares of Anixter International from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Anixter International has a consensus rating of “Hold” and an average price target of $70.50.
About Anixter International
Anixter International, Inc engages in the distribution of solutions for network and security, electrical and electronic, and utility power. It operates through following segments: Network and Security Solutions (NSS), Electrical and Electronic Solutions (EES), and Utility Power Solutions (UPS). The NSS segment focuses on the supply of products and customized supply chain solutions to customers in a range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail.
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