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 that occurred on Wednesday, January 15th. The shares were sold at an average price of $92.89, for a total transaction of $92,890.00. Following the completion of the sale, the vice president now directly owns 44,828 shares of the company’s stock, valued at approximately $4,164,073. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Anixter International (NYSE:AXE) traded down 0.97% on Friday, hitting $93.56. 132,495 shares of the company’s stock traded hands. Anixter International has a one year low of $64.90 and a one year high of $94.87. The stock has a 50-day moving average of $89.25 and a 200-day moving average of $85.91. The company has a market cap of $3.044 billion and a price-to-earnings ratio of 21.26.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.63 by $0.11. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that Anixter International will post $5.65 EPS for the current fiscal year.
A number of analysts have recently weighed in on AXE shares. Analysts at Robert W. Baird cut their price target on shares of Anixter International from $96.00 to $94.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Analysts at Credit Suisse raised their price target on shares of Anixter International from $70.00 to $75.00 in a research note to investors on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $88.68.
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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