Squarepoint Ops LLC raised its holdings in Anixter International Inc. (NYSE:AXE) by 33.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,276 shares of the technology company’s stock after buying an additional 13,744 shares during the period. Squarepoint Ops LLC owned about 0.16% of Anixter International worth $3,752,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of AXE. First Trust Advisors LP increased its position in Anixter International by 9.4% during the 1st quarter. First Trust Advisors LP now owns 23,442 shares of the technology company’s stock worth $1,315,000 after purchasing an additional 2,008 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Anixter International by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,352 shares of the technology company’s stock valued at $678,000 after acquiring an additional 200 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Anixter International during the second quarter valued at $246,000. Arizona State Retirement System lifted its holdings in shares of Anixter International by 1.1% during the second quarter. Arizona State Retirement System now owns 44,929 shares of the technology company’s stock worth $2,683,000 after purchasing an additional 510 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Anixter International in the second quarter worth $571,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Ted A. Dosch sold 10,205 shares of Anixter International stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $66.56, for a total transaction of $679,244.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mccleary Alice 1,500,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. Corporate insiders own 11.00% of the company’s stock.
NYSE AXE traded up $2.64 on Friday, hitting $92.97. 971,811 shares of the company were exchanged, compared to its average volume of 269,821. Anixter International Inc. has a 12 month low of $52.58 and a 12 month high of $93.95. The company has a market cap of $2.96 billion, a PE ratio of 15.95, a PEG ratio of 1.58 and a beta of 1.95. The stock has a fifty day moving average of $87.22 and a 200-day moving average of $69.37. The company has a current ratio of 1.91, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73.
Anixter International (NYSE:AXE) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.27. Anixter International had a return on equity of 14.08% and a net margin of 2.34%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Anixter International Inc. will post 6.92 earnings per share for the current year.
AXE has been the topic of several recent research reports. ValuEngine downgraded Anixter International from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Longbow Research cut Anixter International from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Thursday, October 31st. They noted that the move was a valuation call. TheStreet upgraded shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Monday, September 16th. Zacks Investment Research downgraded shares of Anixter International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Co upgraded Anixter International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $90.00 in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.33.
Anixter International Company Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments.
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