Anixter International VP William Galvin Unloads 2,000 Shares (AXE)
Anixter International (NYSE:AXE) VP William Galvin sold 2,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $86.78, for a total value of $173,560.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.75.
Shares of Anixter International (NYSE:AXE) traded up 0.37% during mid-day trading on Friday, hitting $86.31. The stock had a trading volume of 449,736 shares. Anixter International has a one year low of $80.26 and a one year high of $115.84. The stock’s 50-day moving average is $94.03 and its 200-day moving average is $97.84. The company has a market cap of $2.827 billion and a price-to-earnings ratio of 13.41.
Anixter International (NYSE:AXE) last posted its quarterly earnings results 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 in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter 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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