LFL Advisers LLC grew its holdings in Anixter International Inc. (NYSE:AXE) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 195,000 shares of the technology company’s stock after purchasing an additional 16,900 shares during the quarter. Anixter International makes up approximately 14.2% of LFL Advisers LLC’s holdings, making the stock its 2nd biggest holding. LFL Advisers LLC owned about 0.59% of Anixter International worth $14,820,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Anixter International by 24.6% during the 2nd quarter. FMR LLC now owns 25,300 shares of the technology company’s stock worth $1,978,000 after acquiring an additional 5,000 shares during the last quarter. Advisor Group Inc. boosted its stake in Anixter International by 110.9% during the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after acquiring an additional 712 shares during the last quarter. State Street Corp boosted its stake in Anixter International by 2.8% during the 2nd quarter. State Street Corp now owns 743,423 shares of the technology company’s stock worth $58,132,000 after acquiring an additional 20,422 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in Anixter International by 22.1% during the 3rd quarter. Sit Investment Associates Inc. now owns 42,111 shares of the technology company’s stock worth $3,579,000 after acquiring an additional 7,636 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Anixter International by 2.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 25,120 shares of the technology company’s stock worth $2,135,000 after acquiring an additional 688 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors.
Shares of Anixter International Inc. (NYSE AXE) opened at $77.60 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 2.10 and a debt-to-equity ratio of 0.86. Anixter International Inc. has a fifty-two week low of $62.40 and a fifty-two week high of $88.85. The stock has a market cap of $2,581.93, a P/E ratio of 24.17, a PEG ratio of 1.22 and a beta of 2.06.
Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts predict that Anixter International Inc. will post 6.35 EPS for the current fiscal year.
In other news, CEO Robert J. Eck sold 11,000 shares of Anixter International stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $75.00, for a total value of $825,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 18,974 shares of company stock worth $1,463,134 over the last quarter. 14.70% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on the stock. TheStreet lowered shares of Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a research note on Thursday, February 1st. ValuEngine lowered shares of Anixter International from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $78.00) on shares of Anixter International in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Anixter International presently has an average rating of “Hold” and a consensus price target of $90.00.
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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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