Robert J. Eck Sells 7,800 Shares of Anixter International Inc. (AXE) Stock

Anixter International Inc. (NYSE:AXE) CEO Robert J. Eck sold 7,800 shares of Anixter International stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total value of $624,936.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Robert J. Eck also recently made the following trade(s):

  • On Tuesday, January 2nd, Robert J. Eck sold 174 shares of Anixter International stock. The stock was sold at an average price of $75.85, for a total value of $13,197.90.
  • On Thursday, December 21st, Robert J. Eck sold 11,000 shares of Anixter International stock. The stock was sold at an average price of $75.00, for a total value of $825,000.00.

Shares of Anixter International Inc. (AXE) traded up $0.45 during mid-day trading on Wednesday, reaching $78.45. The company’s stock had a trading volume of 160,715 shares, compared to its average volume of 194,226. The company has a market capitalization of $2,610.00, a P/E ratio of 18.33, a P/E/G ratio of 1.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. Anixter International Inc. has a 1-year low of $62.40 and a 1-year high of $88.60.

Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.21). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. research analysts predict that Anixter International Inc. will post 5.13 EPS for the current year.

A number of research firms recently commented on AXE. TheStreet lowered Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. ValuEngine upgraded Anixter International from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Hedge funds have recently modified their holdings of the business. Crossmark Global Holdings Inc. bought a new stake in Anixter International in the third quarter worth approximately $709,000. Affinity Investment Advisors LLC bought a new stake in shares of Anixter International during the third quarter valued at approximately $264,000. Barings LLC bought a new stake in shares of Anixter International during the third quarter valued at approximately $1,250,000. Victory Capital Management Inc. increased its holdings in shares of Anixter International by 12.2% during the third quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after acquiring an additional 106,813 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Anixter International by 2.3% during the third quarter. Legal & General Group Plc now owns 79,323 shares of the technology company’s stock valued at $6,743,000 after acquiring an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

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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).

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

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