Anixter International VP William Galvin Sells 1,000 Shares (AXE)
Anixter International (NYSE:AXE) VP William Galvin sold 1,000 shares of Anixter International stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $87.42, for a total transaction of $87,420.00. Following the completion of the transaction, the vice president now directly owns 46,328 shares in the company, valued at approximately $4,049,994. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Anixter International from $86.00 to $96.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Anixter International from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $88.70 price target on the stock. Finally, analysts at William Blair downgraded shares of Anixter International from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 15th.
Shares of Anixter International (NYSE:AXE) traded up 0.85% during mid-day trading on Wednesday, hitting $87.51. 65,169 shares of the company’s stock traded hands. Anixter International has a one year low of $54.80 and a one year high of $89.61. The stock has a 50-day moving average of $86.97 and a 200-day moving average of $79.08. The company has a market cap of $2.848 billion and a P/E ratio of 25.25.
Anixter International (NYSE:AXE) last announced its earnings results on Tuesday, July 23rd. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.53 by $0.14. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Anixter International will post $5.86 EPS for the current fiscal year.
Anixter International Inc is engaged in the distribution of communications and security products, electrical wire and cable products, fasteners and small parts through Anixter Inc and its subsidiaries (NYSE:AXE).
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