Mraz Amerine & Associates Inc. purchased a new position in shares of Anixter International Inc. (NYSE:AXE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,400 shares of the technology company’s stock, valued at approximately $203,000.
Other hedge funds also recently bought and sold shares of the company. Bailard Inc. acquired a new stake in shares of Anixter International during the first quarter worth approximately $404,000. Piedmont Investment Advisors Inc. raised its position in Anixter International by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 7,267 shares of the technology company’s stock valued at $408,000 after acquiring an additional 403 shares in the last quarter. Bridge City Capital LLC raised its position in Anixter International by 0.5% during the second quarter. Bridge City Capital LLC now owns 32,872 shares of the technology company’s stock valued at $1,963,000 after acquiring an additional 162 shares in the last quarter. Norges Bank bought a new position in Anixter International during the fourth quarter valued at approximately $25,805,000. Finally, Victory Capital Management Inc. raised its position in Anixter International by 14.4% during the first quarter. Victory Capital Management Inc. now owns 1,881,482 shares of the technology company’s stock valued at $105,570,000 after acquiring an additional 236,884 shares in the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.
In other news, Director F Philip Handy sold 2,000 shares of Anixter International stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $65.15, for a total value of $130,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert J. Eck sold 70,706 shares of Anixter International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $62.63, for a total transaction of $4,428,316.78. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.
AXE traded up $2.03 during midday trading on Friday, hitting $57.45. 104,400 shares of the company’s stock traded hands, compared to its average volume of 190,377. The company has a market cap of $1.94 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.88. The stock’s fifty day simple moving average is $59.31 and its 200-day simple moving average is $58.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.08 and a quick ratio of 1.16. Anixter International Inc. has a one year low of $50.05 and a one year high of $73.68.
Anixter International (NYSE:AXE) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.52. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. Anixter International had a net margin of 2.21% and a return on equity of 13.80%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 earnings per share. On average, research analysts expect that Anixter International Inc. will post 6.47 EPS for the current year.
Anixter International 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.
Featured Article: Quantitative Easing
Receive News & Ratings for Anixter International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International and related companies with MarketBeat.com's FREE daily email newsletter.