Tower Research Capital LLC TRC Purchases New Stake in Anixter International Inc. (NYSE:AXE)

Tower Research Capital LLC TRC purchased a new stake in shares of Anixter International Inc. (NYSE:AXE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,060 shares of the technology company’s stock, valued at approximately $63,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of Anixter International by 2.1% in the second quarter. BlackRock Inc. now owns 4,704,912 shares of the technology company’s stock valued at $280,931,000 after purchasing an additional 95,649 shares during the last quarter. Earnest Partners LLC boosted its stake in Anixter International by 1.3% in the 2nd quarter. Earnest Partners LLC now owns 883,180 shares of the technology company’s stock valued at $52,735,000 after purchasing an additional 11,179 shares during the period. Bank of New York Mellon Corp grew its holdings in Anixter International by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 411,145 shares of the technology company’s stock valued at $24,549,000 after buying an additional 24,852 shares in the last quarter. Northern Trust Corp grew its holdings in Anixter International by 3.9% in the 2nd quarter. Northern Trust Corp now owns 369,653 shares of the technology company’s stock valued at $22,071,000 after buying an additional 13,825 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Anixter International by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 360,126 shares of the technology company’s stock valued at $19,558,000 after buying an additional 28,410 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. TheStreet raised Anixter International from a “c+” rating to a “b-” rating in a report on Monday, September 16th. Wells Fargo & Co upgraded shares of Anixter International from a “market perform” rating to an “outperform” rating and upped their price target for the company from $70.00 to $90.00 in a research note on Monday, September 23rd. ValuEngine raised shares of Anixter International from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 5th. Finally, Zacks Investment Research lowered shares of Anixter International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

In other news, Director F Philip Handy sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $65.15, for a total value of $130,300.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William Galvin sold 6,676 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $69.50, for a total transaction of $463,982.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,685 shares of company stock worth $6,155,657. Company insiders own 11.00% of the company’s stock.

Shares of AXE stock traded down $0.95 during trading hours on Tuesday, reaching $68.17. The company’s stock had a trading volume of 240,767 shares, compared to its average volume of 171,342. Anixter International Inc. has a fifty-two week low of $50.05 and a fifty-two week high of $70.89. The firm’s 50 day simple moving average is $62.58 and its 200-day simple moving average is $59.65. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.24 and a beta of 1.90.

Anixter International (NYSE:AXE) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.52. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. Anixter International had a return on equity of 13.80% and a net margin of 2.21%. Anixter International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS. Sell-side analysts predict that Anixter International Inc. will post 6.93 earnings per share for the current year.

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.

Read More: What does the Producer Price Index (PPI) tell investors?

Institutional Ownership by Quarter for Anixter International (NYSE:AXE)

Receive News & Ratings for Anixter International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International and related companies with MarketBeat.com's FREE daily email newsletter.