California Public Employees Retirement System Sells 9,800 Shares of Anixter International Inc. (AXE)

California Public Employees Retirement System reduced its holdings in shares of Anixter International Inc. (NYSE:AXE) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,500 shares of the technology company’s stock after selling 9,800 shares during the period. California Public Employees Retirement System owned about 0.28% of Anixter International worth $7,312,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in shares of Anixter International during the 2nd quarter valued at about $1,389,000. Morgan Stanley boosted its position in shares of Anixter International by 119.1% during the 1st quarter. Morgan Stanley now owns 192,423 shares of the technology company’s stock valued at $15,258,000 after acquiring an additional 104,615 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Anixter International by 2.7% during the 2nd quarter. First Midwest Bank Trust Division now owns 11,082 shares of the technology company’s stock valued at $867,000 after acquiring an additional 291 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Anixter International by 23.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,900 shares of the technology company’s stock valued at $864,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Anixter International by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 77,558 shares of the technology company’s stock valued at $6,063,000 after acquiring an additional 2,849 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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In other Anixter International news, VP William Standish sold 1,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $77.55, for a total transaction of $77,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert J. Eck sold 11,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $85.31, for a total transaction of $938,410.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 550,277 shares of company stock worth $42,811,566 and sold 27,600 shares worth $2,255,610. Corporate insiders own 14.70% of the company’s stock.

Several analysts have recently weighed in on AXE shares. Wolfe Research started coverage on shares of Anixter International in a research report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price on the stock. Wells Fargo & Company reiterated a “market perform” rating and set a $82.00 target price (down from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Robert W. Baird reiterated a “hold” rating and set a $86.00 target price on shares of Anixter International in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $86.00.

Anixter International (NYSE:AXE) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.36. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $1.32 earnings per share. Anixter International’s revenue was up 2.3% compared to the same quarter last year.

Anixter International 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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