Nisa Investment Advisors LLC continued to hold its position in Anixter International Inc. (NYSE:AXE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,020 shares of the technology company’s stock at the end of the second quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Anixter International worth $1,878,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in AXE. BlackRock Inc. increased its position in Anixter International by 44,948.8% in the first quarter. BlackRock Inc. now owns 3,703,911 shares of the technology company’s stock worth $293,721,000 after buying an additional 3,695,689 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Anixter International by 12.0% in the first quarter. Vanguard Group Inc. now owns 2,823,375 shares of the technology company’s stock worth $223,894,000 after buying an additional 303,406 shares in the last quarter. Norges Bank acquired a new position in shares of Anixter International during the fourth quarter worth $22,109,000. Morgan Stanley increased its position in shares of Anixter International by 119.1% in the first quarter. Morgan Stanley now owns 192,423 shares of the technology company’s stock worth $15,258,000 after buying an additional 104,615 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Anixter International during the first quarter worth $7,981,000. 86.64% of the stock is owned by institutional investors.
Anixter International Inc. (AXE) opened at 71.05 on Friday. Anixter International Inc. has a 52-week low of $58.55 and a 52-week high of $88.00. The company has a market capitalization of $2.36 billion, a P/E ratio of 16.23 and a beta of 1.98. The firm has a 50-day moving average of $77.60 and a 200 day moving average of $79.14.
Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $1.32 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Anixter International Inc. will post $5.35 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on AXE shares. Zacks Investment Research cut shares of Anixter International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut shares of Anixter International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Wolfe Research assumed coverage on shares of Anixter International in a report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.00.
In related news, VP William Standish sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.20, for a total value of $76,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Samuel Zell bought 526,277 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of $81.34 per share, with a total value of $42,807,371.18. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 556,277 shares of company stock worth $42,812,881 and sold 3,000 shares worth $228,450. 14.70% of the stock is owned by insiders.
Anixter International Company Profile
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).
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