IMC Chicago LLC Makes New $1.15 Million Investment in Arxis, Inc. $ARXS

IMC Chicago LLC acquired a new stake in shares of Arxis, Inc. (NASDAQ:ARXS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,841 shares of the company’s stock, valued at approximately $1,146,000.

Separately, Alyeska Investment Group L.P. bought a new position in Arxis during the 2nd quarter valued at about $13,842,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ARXS shares. Wolfe Research assumed coverage on shares of Arxis in a report on Monday, May 11th. They set an “outperform” rating and a $43.00 price objective for the company. William Blair assumed coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating on the stock. Melius Research assumed coverage on Arxis in a research report on Monday, May 11th. They set a “buy” rating and a $45.00 price target on the stock. Weiss Ratings started coverage on Arxis in a research report on Monday, August 3rd. They issued a “sell (d+)” rating for the company. Finally, The Goldman Sachs Group assumed coverage on Arxis in a research note on Monday, May 11th. They issued a “buy” rating and a $53.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.73.

Arxis Price Performance

ARXS opened at $52.47 on Friday. Arxis, Inc. has a one year low of $33.15 and a one year high of $61.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.21 and a quick ratio of 3.79. The firm’s 50 day moving average is $48.89. The company has a market capitalization of $21.90 billion and a PE ratio of 655.88.

Arxis (NASDAQ:ARXS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.35. The company had revenue of $500.73 million during the quarter. Arxis’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, analysts anticipate that Arxis, Inc. will post 0.57 EPS for the current year.

Arxis Profile

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.