New York State Teachers Retirement System held its position in Anixter International Inc. (NYSE:AXE) during the second quarter, Holdings Channel reports. The firm owned 53,470 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Anixter International were worth $2,849,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Anixter International by 45.8% in the first quarter. BlackRock Inc. now owns 3,121 shares of the company’s stock worth $162,000 after buying an additional 980 shares during the period. Huntington Asset Advisors Inc. purchased a new position in Anixter International during the first quarter worth $261,000. Independent Portfolio Consultants Inc. increased its position in Anixter International by 58.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,985 shares of the company’s stock worth $639,000 after buying an additional 4,425 shares during the period. Zebra Capital Management LLC increased its position in Anixter International by 66.2% in the first quarter. Zebra Capital Management LLC now owns 12,980 shares of the company’s stock worth $676,000 after buying an additional 5,172 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Anixter International by 71.3% in the second quarter. BNP Paribas Arbitrage SA now owns 13,865 shares of the company’s stock worth $739,000 after buying an additional 5,769 shares during the period. 83.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Anixter International Inc. (NYSE:AXE) traded down 0.38% during mid-day trading on Wednesday, reaching $60.97. The company’s stock had a trading volume of 97,114 shares. The company has a market cap of $2.02 billion, a P/E ratio of 25.35 and a beta of 2.02. Anixter International Inc. has a 12 month low of $37.60 and a 12 month high of $70.29. The company has a 50-day moving average of $62.32 and a 200-day moving average of $58.78.
Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, July 26th. The company reported $1.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.32. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Anixter International had a return on equity of 11.93% and a net margin of 1.13%. Anixter International’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. Equities research analysts forecast that Anixter International Inc. will post $4.77 earnings per share for the current fiscal year.
A number of research firms recently weighed in on AXE. Zacks Investment Research downgraded Anixter International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Imperial Capital upped their price target on Anixter International from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $74.25.
In other Anixter International news, EVP William Galvin sold 4,100 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $266,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by corporate insiders.
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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.
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