Anixter International Inc. (NYSE:AXE) CEO Sells $624,936.00 in Stock

Anixter International Inc. (NYSE:AXE) CEO Robert J. Eck sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total transaction of $624,936.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert J. Eck also recently made the following trade(s):

  • On Tuesday, January 2nd, Robert J. Eck sold 174 shares of Anixter International stock. The stock was sold at an average price of $75.85, for a total transaction of $13,197.90.
  • On Thursday, December 21st, Robert J. Eck sold 11,000 shares of Anixter International stock. The stock was sold at an average price of $75.00, for a total transaction of $825,000.00.

Shares of Anixter International Inc. (NYSE AXE) traded up $0.40 during midday trading on Friday, reaching $76.35. 145,831 shares of the company were exchanged, compared to its average volume of 224,642. Anixter International Inc. has a one year low of $62.40 and a one year high of $88.85. The stock has a market cap of $2,540.32, a PE ratio of 23.79, a P/E/G ratio of 1.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company posted $1.31 EPS. Anixter International’s revenue was up 6.3% on a year-over-year basis. research analysts anticipate that Anixter International Inc. will post 6.35 earnings per share for the current year.

Several research firms have recently commented on AXE. ValuEngine cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research report on Thursday, February 1st. Wells Fargo & Co reissued a “market perform” rating and set a $90.00 price target (up from $78.00) on shares of Anixter International in a research report on Wednesday, January 31st. Finally, TheStreet raised shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $90.00.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. raised its holdings 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 buying an additional 712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Anixter International by 50.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock worth $145,000 after buying an additional 640 shares during the last quarter. SG Americas Securities LLC purchased a new position in Anixter International in the second quarter worth about $158,000. Riverhead Capital Management LLC raised its holdings 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 buying an additional 931 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in Anixter International by 75.3% in the fourth quarter. Global X Management Co. LLC now owns 2,305 shares of the technology company’s stock worth $175,000 after buying an additional 990 shares during the last quarter. 88.15% of the stock is owned by institutional investors and hedge funds.

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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).

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

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