Peregrine Capital Management LLC Has $9.61 Million Holdings in Anixter International Inc. (AXE)

Peregrine Capital Management LLC raised its position in shares of Anixter International Inc. (NYSE:AXE) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 126,417 shares of the technology company’s stock after purchasing an additional 16,311 shares during the quarter. Peregrine Capital Management LLC’s holdings in Anixter International were worth $9,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. boosted its position in Anixter International by 110.9% during the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock valued at $106,000 after buying an additional 712 shares during the period. Riverhead Capital Management LLC boosted its position in Anixter International by 77.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock valued at $167,000 after buying an additional 931 shares during the period. Teacher Retirement System of Texas purchased a new stake in Anixter International during the 3rd quarter valued at $209,000. Flinton Capital Management LLC boosted its position in Anixter International by 64.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $218,000 after buying an additional 1,088 shares during the period. Finally, Shelton Capital Management purchased a new stake in Anixter International during the 2nd quarter valued at $221,000. 87.89% of the stock is owned by institutional investors and hedge funds.

Anixter International Inc. (AXE) opened at $79.65 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17. 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 $2,680.09, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.41 and a beta of 2.03.

AXE has been the subject of several analyst reports. Zacks Investment Research cut shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine raised shares of Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, TheStreet upgraded shares of Anixter International from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Anixter International has a consensus rating of “Hold” and a consensus price target of $86.00.

In other Anixter International news, CEO Robert J. Eck sold 11,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $75.00, for a total value of $825,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Standish sold 1,758 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. Insiders sold a total of 20,732 shares of company stock valued at $1,577,404 over the last 90 days. Company insiders own 14.70% of the company’s stock.

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

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