14,700 Shares in Anixter International Inc. (AXE) Purchased by Barings LLC

Barings LLC acquired a new position in shares of Anixter International Inc. (NYSE:AXE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,700 shares of the technology company’s stock, valued at approximately $1,250,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Anixter International by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock valued at $230,666,000 after buying an additional 126,313 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Anixter International by 12.2% in the third quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after buying an additional 106,813 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Anixter International by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,315,781 shares of the technology company’s stock valued at $102,894,000 after buying an additional 100,300 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Anixter International by 5.9% in the second quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock valued at $113,928,000 after buying an additional 81,578 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Anixter International by 13.3% in the third quarter. Jennison Associates LLC now owns 674,785 shares of the technology company’s stock valued at $57,357,000 after buying an additional 79,274 shares in the last quarter. Institutional investors own 87.11% of the company’s stock.

Several research analysts have commented on AXE shares. TheStreet downgraded shares of Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. BidaskClub downgraded shares of Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Robert W. Baird restated a “hold” rating and set a $86.00 price objective on shares of Anixter International in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $86.00.

Anixter International Inc. (NYSE:AXE) opened at $72.30 on Friday. Anixter International Inc. has a 1 year low of $62.40 and a 1 year high of $88.60. The company has a market cap of $2,405.57, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.41 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 (NYSE:AXE) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts anticipate that Anixter International Inc. will post 5.13 EPS for the current year.

In other news, VP William Standish sold 1,758 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Eck sold 13,600 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $80.00, for a total transaction of $1,088,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 24,000 shares of company stock valued at $4,195 and have sold 30,958 shares valued at $2,528,028. 14.70% of the stock is owned by insiders.

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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).

Institutional Ownership by Quarter for Anixter International (NYSE:AXE)

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