State of Wisconsin Investment Board Raises Stake in Anixter International Inc. (NYSE:AXE)

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State of Wisconsin Investment Board increased its stake in Anixter International Inc. (NYSE:AXE) by 26.0% during the 1st quarter, Holdings Channel reports. The firm owned 150,550 shares of the technology company’s stock after acquiring an additional 31,050 shares during the period. State of Wisconsin Investment Board’s holdings in Anixter International were worth $8,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its holdings in Anixter International by 27.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 6,551 shares of the technology company’s stock worth $356,000 after buying an additional 1,400 shares during the last quarter. Rhumbline Advisers raised its holdings in Anixter International by 19.9% in the fourth quarter. Rhumbline Advisers now owns 91,655 shares of the technology company’s stock worth $4,978,000 after buying an additional 15,195 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Anixter International by 5.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the technology company’s stock worth $622,000 after buying an additional 639 shares during the last quarter. Comerica Bank raised its holdings in Anixter International by 0.8% in the fourth quarter. Comerica Bank now owns 28,586 shares of the technology company’s stock worth $1,737,000 after buying an additional 225 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Anixter International in the fourth quarter worth about $595,000. 85.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director F Philip Handy sold 3,000 shares of Anixter International stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $61.53, for a total value of $184,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

AXE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Anixter International from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine raised shares of Anixter International from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, TheStreet cut shares of Anixter International from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $70.50.

Shares of AXE stock opened at $57.00 on Friday. Anixter International Inc. has a 52 week low of $50.05 and a 52 week high of $75.00. The company has a market capitalization of $1.92 billion, a PE ratio of 9.78, a P/E/G ratio of 1.15 and a beta of 1.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.10 and a quick ratio of 1.14.

Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, April 23rd. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. Anixter International had a net margin of 1.91% and a return on equity of 13.06%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Anixter International Inc. will post 6.17 EPS for the current fiscal year.

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About Anixter International

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

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