Insider Selling: Anixter International Inc. (NYSE:AXE) Director Sells 70,706 Shares of Stock
Anixter International Inc. (NYSE:AXE) 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:AXE traded up $1.58 during mid-day trading on Tuesday, reaching $65.92. The stock had a trading volume of 164,002 shares, compared to its average volume of 173,752. The business has a 50-day simple moving average of $58.63. The stock has a market capitalization of $2.13 billion, a PE ratio of 11.31, a PEG ratio of 1.28 and a beta of 1.91. Anixter International Inc. has a 12 month low of $50.05 and a 12 month high of $74.60. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 0.87.
Anixter International (NYSE:AXE) last posted its earnings results on Thursday, July 25th. The technology company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.52. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations 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 was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Sell-side analysts expect that Anixter International Inc. will post 6.17 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tributary Capital Management LLC grew its stake in shares of Anixter International by 14.2% during the first quarter. Tributary Capital Management LLC now owns 268,143 shares of the technology company’s stock worth $15,046,000 after buying an additional 33,439 shares during the last quarter. Bailard Inc. bought a new stake in shares of Anixter International during the first quarter worth $404,000. Piedmont Investment Advisors Inc. grew its stake in shares of Anixter International by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 7,267 shares of the technology company’s stock worth $408,000 after buying an additional 403 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Anixter International by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 360,126 shares of the technology company’s stock worth $19,558,000 after buying an additional 28,410 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Anixter International by 373.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,595 shares of the technology company’s stock worth $521,000 after buying an additional 7,567 shares during the last quarter. 85.79% of the stock is currently owned by hedge funds and other institutional investors.
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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