Anixter International VP Sells $182,654 in Stock (AXE)
Anixter International (NYSE:AXE) VP William Standish sold 1,996 shares of Anixter International stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $91.51, for a total transaction of $182,653.96. Following the transaction, the vice president now directly owns 80,838 shares in the company, valued at approximately $7,397,485. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
AXE has been the subject of a number of recent research reports. Analysts at Cross Research downgraded shares of Anixter International to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Buckingham Research cut their price target on shares of Anixter International from $103.00 to $101.00 in a research note to investors on Friday, January 31st. Finally, analysts at Wunderlich raised their price target on shares of Anixter International from $97.00 to $105.00 in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.74.
Shares of Anixter International (NYSE:AXE) traded down 0.16% on Thursday, hitting $89.41. 721,096 shares of the company’s stock traded hands. Anixter International has a one year low of $64.94 and a one year high of $94.87. The stock has a 50-day moving average of $90.48 and a 200-day moving average of $87.10. The company has a market cap of $2.909 billion and a P/E ratio of 20.15.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Anixter International will post $6.51 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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