Insider Selling: William Galvin Unloads 1,000 Shares of Anixter International Stock (AXE)
Anixter International (NYSE:AXE) VP William Galvin sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $100.46, for a total value of $100,460.00. Following the sale, the vice president now directly owns 44,328 shares in the company, valued at approximately $4,453,191. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AXE shares. Analysts at Cross Research downgraded shares of Anixter International to a “hold” rating in a research note on Wednesday, February 5th. Separately, analysts at Buckingham Research cut their price target on shares of Anixter International from $103.00 to $101.00 in a research note 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 on Friday, January 31st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $92.74.
Anixter International (NYSE:AXE) opened at 102.85 on Thursday. Anixter International has a 52-week low of $64.94 and a 52-week high of $103.85. The stock’s 50-day moving average is $92.29 and its 200-day moving average is $88.00. The company has a market cap of $3.373 billion and a price-to-earnings ratio of 16.88.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Anixter International will post $6.49 earnings per share 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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