Bank of Montreal Can decreased its position in shares of Anixter International Inc. (NYSE:AXE) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 4,449 shares of the company’s stock after selling 32 shares during the period. Bank of Montreal Can’s holdings in Anixter International were worth $287,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new stake in Anixter International during the second quarter worth about $149,000. Quantbot Technologies LP increased its stake in Anixter International by 13.3% in the second quarter. Quantbot Technologies LP now owns 2,866 shares of the company’s stock worth $152,000 after buying an additional 337 shares in the last quarter. PineBridge Investments L.P. increased its stake in Anixter International by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,605 shares of the company’s stock worth $192,000 after buying an additional 140 shares in the last quarter. Amalgamated Bank purchased a new stake in Anixter International during the second quarter worth about $211,000. Finally, Teacher Retirement System of Texas increased its stake in Anixter International by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,139 shares of the company’s stock worth $221,000 after buying an additional 509 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.
Anixter International Inc. (NYSE:AXE) traded up 0.19% on Friday, reaching $79.80. The company’s stock had a trading volume of 43,222 shares. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 30.15 and a beta of 1.92. Anixter International Inc. has a 12-month low of $37.60 and a 12-month high of $79.95. The firm has a 50-day moving average of $67.50 and a 200 day moving average of $61.61.
Anixter International (NYSE:AXE) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.02. Anixter International had a return on equity of 12.19% and a net margin of 1.17%. The firm earned $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the business posted $1.21 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts anticipate that Anixter International Inc. will post $4.77 EPS for the current fiscal year.
A number of research analysts recently issued reports on AXE shares. TheStreet upgraded Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Imperial Capital upgraded Anixter International from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $64.00 to $72.00 in a research note on Thursday, October 27th. Finally, Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.25.
In related news, EVP William Galvin sold 4,100 shares of Anixter International stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $266,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rodney A. Shoemaker sold 485 shares of Anixter International stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $77.85, for a total value of $37,757.25. The disclosure for this sale can be found here. 14.60% of the stock is owned by insiders.
About Anixter International
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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.