Anixter (AXE) Holdings Increased by Macquarie Group Ltd.

Macquarie Group Ltd. raised its holdings in Anixter (NYSE:AXE) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 454,533 shares of the technology company’s stock after acquiring an additional 46,745 shares during the period. Macquarie Group Ltd. owned approximately 1.37% of Anixter worth $34,545,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Anixter by 50.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock valued at $145,000 after acquiring an additional 640 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of Anixter by 75.3% in the 4th quarter. Global X Management Co. LLC now owns 2,305 shares of the technology company’s stock valued at $175,000 after acquiring an additional 990 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Anixter in the 3rd quarter valued at about $209,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Anixter by 231.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the technology company’s stock valued at $230,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Connable Office Inc. purchased a new stake in shares of Anixter in the 4th quarter valued at about $258,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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AXE stock opened at $78.70 on Wednesday. The firm has a market capitalization of $2,626.82, a PE ratio of 24.52, a P/E/G ratio of 1.24 and a beta of 2.07. The company has a current ratio of 2.10, a quick ratio of 1.18 and a debt-to-equity ratio of 0.86. Anixter has a 1-year low of $62.40 and a 1-year high of $88.85.

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

In related news, CEO Robert J. Eck sold 2,812 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $78.37, for a total transaction of $220,376.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 33,986 shares of company stock worth $2,611,198. 14.70% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on AXE shares. Zacks Investment Research raised Anixter from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. TheStreet raised Anixter from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. ValuEngine raised Anixter from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Wells Fargo reissued a “market perform” rating and set a $90.00 price objective (up from $78.00) on shares of Anixter in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $90.00.

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Anixter Profile

Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.

Institutional Ownership by Quarter for Anixter (NYSE:AXE)

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