Giulio Berardesca Sells 1,206 Shares of Anixter International Stock (AXE)
Anixter International (NYSE:AXE) VP Giulio Berardesca sold 1,206 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $90.00, for a total transaction of $108,540.00. Following the sale, the vice president now directly owns 28,046 shares of the company’s stock, valued at approximately $2,524,140. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Anixter International (NYSE:AXE) traded down 0.71% on Thursday, hitting $89.19. 184,162 shares of the company’s stock traded hands. 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 $89.98 and its 200-day moving average is $97.65. The company has a market cap of $2.922 billion and a price-to-earnings ratio of 14.01.
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 $6.33 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AXE shares. 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $95.75.
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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