Anixter International VP Giulio Berardesca Unloads 3,000 Shares (AXE)
Anixter International (NYSE:AXE) VP Giulio Berardesca sold 3,000 shares of Anixter International stock on the open market in a transaction dated Friday, May 30th. The shares were sold at an average price of $101.57, for a total transaction of $304,710.00. Following the sale, the vice president now directly owns 33,458 shares of the company’s stock, valued at approximately $3,398,329. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Anixter International in a research note on Wednesday, April 30th. They now have a $108.00 price target on the stock, down previously from $115.00. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $95.54.
Anixter International (NYSE:AXE) traded down 1.06% during mid-day trading on Monday, hitting $101.91. 245,686 shares of the company’s stock traded hands. Anixter International has a one year low of $73.23 and a one year high of $115.84. The stock’s 50-day moving average is $97.41 and its 200-day moving average is $95.30. The company has a market cap of $3.329 billion and a price-to-earnings ratio of 16.60.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $1.27 earnings per share. Anixter International’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that Anixter International will post $6.42 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.