Piedmont Investment Advisors LLC Takes Position in Anixter International Inc. (AXE)

Piedmont Investment Advisors LLC purchased a new position in Anixter International Inc. (NYSE:AXE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,178 shares of the technology company’s stock, valued at approximately $483,000.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its position in Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after purchasing an additional 712 shares in the last quarter. SG Americas Securities LLC acquired a new position in Anixter International in the second quarter worth about $158,000. Riverhead Capital Management LLC raised its position in Anixter International by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after purchasing an additional 931 shares in the last quarter. Flinton Capital Management LLC raised its position in Anixter International by 64.0% in the second quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Anixter International in the second quarter worth about $220,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Anixter International Inc. (NYSE:AXE) opened at 86.90 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 19.85 and a beta of 2.03. The stock’s 50 day moving average is $81.30 and its 200 day moving average is $78.41. Anixter International Inc. has a 12-month low of $59.95 and a 12-month high of $88.30.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.36. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. Equities analysts expect that Anixter International Inc. will post $5.34 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Piedmont Investment Advisors LLC Takes Position in Anixter International Inc. (AXE)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/20/piedmont-investment-advisors-llc-takes-position-in-anixter-international-inc-axe.html.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Wolfe Research assumed coverage on shares of Anixter International in a report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 price objective for the company. BidaskClub lowered shares of Anixter International from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $82.00 price objective (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $86.00 price objective on shares of Anixter International in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.00.

In related news, CEO Robert J. Eck sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $86.23, for a total transaction of $224,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $74.70, for a total transaction of $74,700.00. The disclosure for this sale can be found

Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its position in Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after purchasing an additional 712 shares in the last quarter. SG Americas Securities LLC acquired a new position in Anixter International in the second quarter worth about $158,000. Riverhead Capital Management LLC raised its position in Anixter International by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after purchasing an additional 931 shares in the last quarter. Flinton Capital Management LLC raised its position in Anixter International by 64.0% in the second quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Anixter International in the second quarter worth about $220,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Anixter International Inc. (NYSE:AXE) opened at 86.90 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 19.85 and a beta of 2.03. The stock’s 50 day moving average is $81.30 and its 200 day moving average is $78.41. Anixter International Inc. has a 12-month low of $59.95 and a 12-month high of $88.30.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $1.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.36. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. Equities analysts expect that Anixter International Inc. will post $5.34 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Piedmont Investment Advisors LLC Takes Position in Anixter International Inc. (AXE)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/20/piedmont-investment-advisors-llc-takes-position-in-anixter-international-inc-axe.html.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Wolfe Research assumed coverage on shares of Anixter International in a report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 price objective for the company. BidaskClub lowered shares of Anixter International from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $82.00 price objective (down previously from $89.00) on shares of Anixter International in a report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $86.00 price objective on shares of Anixter International in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.00.

In related news, CEO Robert J. Eck sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $86.23, for a total transaction of $224,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $74.70, for a total transaction of $74,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 550,277 shares of company stock valued at $42,811,566 and have sold 30,200 shares valued at $2,488,458. 14.70% of the stock is owned by corporate insiders.

Anixter International Company Profile

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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).

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

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