Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $78.60, for a total transaction of $78,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

William Standish also recently made the following trade(s):

  • On Monday, April 17th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $75.85, for a total transaction of $75,850.00.
  • On Wednesday, March 15th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $79.90, for a total transaction of $79,900.00.
  • On Wednesday, February 15th, William Standish sold 1,000 shares of Anixter International stock. The shares were sold at an average price of $84.34, for a total transaction of $84,340.00.

Anixter International Inc. (NYSE:AXE) traded up 1.19% during trading on Tuesday, hitting $80.55. 151,040 shares of the stock traded hands. The company has a market capitalization of $2.68 billion, a P/E ratio of 21.13 and a beta of 1.99. Anixter International Inc. has a one year low of $51.49 and a one year high of $88.00. The company’s 50 day moving average is $79.41 and its 200 day moving average is $79.61.

Anixter International (NYSE:AXE) last released its earnings results on Tuesday, April 25th. The technology company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. Anixter International had a net margin of 1.58% and a return on equity of 13.11%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities analysts forecast that Anixter International Inc. will post $5.40 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXE. Comerica Bank increased its position in shares of Anixter International by 5.8% in the fourth quarter. Comerica Bank now owns 30,647 shares of the technology company’s stock worth $2,513,000 after buying an additional 1,675 shares during the period. LFL Advisers LLC purchased a new position in shares of Anixter International during the fourth quarter worth approximately $15,075,000. BlackRock Group LTD increased its position in shares of Anixter International by 5.7% in the third quarter. BlackRock Group LTD now owns 45,050 shares of the technology company’s stock worth $2,906,000 after buying an additional 2,449 shares during the period. Rhumbline Advisers increased its position in shares of Anixter International by 8.0% in the third quarter. Rhumbline Advisers now owns 51,370 shares of the technology company’s stock worth $3,313,000 after buying an additional 3,786 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Anixter International by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,156,223 shares of the technology company’s stock worth $93,714,000 after buying an additional 114,337 shares during the period. 84.73% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on AXE shares. Imperial Capital cut shares of Anixter International from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $72.00 to $88.00 in a report on Thursday, February 2nd. Wells Fargo & Co started coverage on shares of Anixter International in a report on Tuesday, March 21st. They set a “market perform” rating on the stock. Finally, Zacks Investment Research cut shares of Anixter International from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $91.00.

About Anixter International

Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).

5 Day Chart for NYSE:AXE

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