Anixter International VP William Galvin Sells 2,000 Shares (AXE)
Anixter International (NYSE:AXE) VP William Galvin sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $86.78, for a total value of $173,560.00. Following the sale, the vice president now directly owns 45,778 shares of the company’s stock, valued at approximately $3,972,615. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AXE has been the subject of a number of recent research reports. Analysts at Robert W. Baird cut their price target on shares of Anixter International from $108.00 to $102.00 in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Anixter International currently has a consensus rating of “Hold” and an average price target of $95.75.
Anixter International (NYSE:AXE) traded up 0.37% on Friday, hitting $86.31. The stock had a trading volume of 445,969 shares. Anixter International has a 52-week low of $80.26 and a 52-week high of $115.84. The stock has a 50-day moving average of $94.38 and a 200-day moving average of $97.87. The company has a market cap of $2.827 billion and a price-to-earnings ratio of 13.41.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Anixter International will post $6.32 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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