Ameritas Investment Partners Inc. maintained its stake in shares of Anixter International Inc. (NYSE:AXE) during the first quarter, Holdings Channel reports. The fund owned 2,505 shares of the technology company’s stock at the end of the first quarter. Ameritas Investment Partners Inc.’s holdings in Anixter International were worth $199,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Tyers Asset Management LLC purchased a new stake in shares of Anixter International during the fourth quarter valued at approximately $118,000. Acrospire Investment Management LLC increased its stake in shares of Anixter International by 100.0% in the first quarter. Acrospire Investment Management LLC now owns 1,600 shares of the technology company’s stock valued at $127,000 after buying an additional 800 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in shares of Anixter International during the fourth quarter valued at approximately $143,000. Cantab Capital Partners LLP purchased a new stake in shares of Anixter International during the fourth quarter valued at approximately $186,000. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Anixter International during the first quarter valued at approximately $245,000. 87.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Anixter International Inc. (AXE) opened at 78.60 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 20.62 and a beta of 1.89. Anixter International Inc. has a 12 month low of $51.49 and a 12 month high of $88.00. The stock’s 50 day moving average is $77.82 and its 200 day moving average is $80.25.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, April 25th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. Anixter International had a net margin of 1.67% and a return on equity of 13.31%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $0.92 EPS. Anixter International’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Anixter International Inc. will post $5.40 EPS for the current fiscal year.
Several brokerages have commented on AXE. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, June 6th. Wells Fargo & Company started coverage on shares of Anixter International in a research report on Tuesday, March 21st. They set a “market perform” rating for the company. Finally, BidaskClub raised shares of Anixter International from a “sell” rating to a “hold” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Anixter International currently has a consensus rating of “Hold” and a consensus price target of $87.00.
In related news, Director F Philip Handy sold 20,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $83.97, for a total transaction of $1,679,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William Standish sold 1,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $75.85, for a total transaction of $75,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 32,995 shares of company stock worth $2,710,549 in the last quarter. 14.70% of the stock is owned by corporate insiders.
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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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