Insider Selling: Robert J. Eck Sells 12,600 Shares of Anixter International Stock (AXE)
Anixter International (NYSE:AXE) CEO Robert J. Eck sold 12,600 shares of Anixter International stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.44, for a total transaction of $1,076,544.00. Following the completion of the transaction, the chief executive officer now directly owns 138,336 shares of the company’s stock, valued at approximately $11,819,428. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AXE. 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 given a buy rating to the stock. Anixter International presently has a consensus rating of “Buy” and a consensus price target of $95.75.
Shares of Anixter International (NYSE:AXE) traded up 0.37% during mid-day trading on Friday, hitting $86.31. 449,736 shares of the company’s stock traded hands. 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 $94.03 and a 200-day moving average of $97.84. The company has a market cap of $2.827 billion and a P/E 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 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. Analysts expect that Anixter International will post $6.32 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.