Northern Trust Corp lifted its holdings in shares of Anixter International Inc. (NYSE:AXE) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,397 shares of the technology company’s stock after purchasing an additional 436 shares during the period. Northern Trust Corp owned 1.07% of Anixter International worth $19,411,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in AXE. AXA acquired a new position in shares of Anixter International in the 3rd quarter worth approximately $851,000. Bank of New York Mellon Corp grew its holdings in shares of Anixter International by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 369,363 shares of the technology company’s stock worth $25,967,000 after buying an additional 11,667 shares in the last quarter. BlackRock Inc. boosted its position in shares of Anixter International by 3.7% in the third quarter. BlackRock Inc. now owns 4,180,969 shares of the technology company’s stock worth $293,923,000 after acquiring an additional 149,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Anixter International by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,987,232 shares of the technology company’s stock worth $139,702,000 after acquiring an additional 135,848 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Anixter International during the third quarter valued at approximately $215,000. Institutional investors own 86.75% of the company’s stock.
Anixter International stock traded up $1.70 during mid-day trading on Friday, hitting $61.81. 147,513 shares of the company were exchanged, compared to its average volume of 200,549. Anixter International Inc. has a 1-year low of $50.05 and a 1-year high of $75.00. The firm has a market capitalization of $2.02 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.37 and a beta of 1.86. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.10 and a quick ratio of 1.06.
In other news, Director Robert J. Eck sold 32,264 shares of Anixter International stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $61.55, for a total transaction of $1,985,849.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.
A number of analysts recently issued reports on the stock. ValuEngine lowered shares of Anixter International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 30th. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Finally, TheStreet upgraded Anixter International from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Anixter International has an average rating of “Hold” and an average price target of $70.50.
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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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