November 23, 2016 - By Hazel Jackson
Anixter International Inc SVP-Treasurer Rodney Shoemaker on the 23-11-2016 unloaded a total of 485 shares of the public firm worth around $37,757 U.S. Dollars. This is based on an average share price of $77.9 U.S. Dollars. It seems he is very active lately as in the last 30 days, he silently unloaded additional 1,000 shares of the company, worth $69,000 USD. This significant sale was made on 23-11-2016 and is on hand on the DC-based SEC’s website. Rodney Shoemaker right now owns 19,285 shares or 0.06% of the Company’s market cap (total dollar market value of all company’s outstanding shares).
Out of 4 analysts covering Anixter (NYSE:AXE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $78 is the highest target while $49 is the lowest. The $67.25 average target is -15.25% below today’s ($79.35) stock price. Anixter has been the topic of 11 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Wednesday, July 27 the stock rating was maintained by Imperial Capital with “Outperform”. The rating was maintained by Imperial Capital with “In-Line” on Monday, October 19. The rating was upgraded by Zacks on Monday, September 21 to “Buy”. Imperial Capital maintained the shares of AXE in a report on Thursday, July 30 with “In-Line” rating. The stock of Anixter International Inc. (NYSE:AXE) has “In-Line” rating given on Friday, February 19 by Imperial Capital. The firm earned “Buy” rating on Thursday, September 10 by Longbow. Imperial Capital upgraded the shares of AXE in a report on Thursday, October 27 to “Outperform” rating. The firm earned “In-Line” rating on Monday, April 25 by Imperial Capital.
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.69, from 1.63 in 2016Q1. The ratio fall, as 13 funds sold all Anixter International Inc. shares owned while 44 reduced positions. 26 funds bought stakes while 67 increased positions. They now own 26.01 million shares or 6.35% less from 27.77 million shares in 2016Q1.
Third Avenue Ltd Liability Corp last reported 710,789 shares in the company. Raymond James Associate has 0% invested in the company for 28,556 shares. Martingale Asset Lp accumulated 22,207 shares or 0.02% of the stock. Citadel Ltd owns 38,102 shares or 0% of their US portfolio. Blackrock Inv Ltd Liability has 132,091 shares for 0.01% of their US portfolio. Blackrock Institutional Commerce Na accumulated 0.01% or 722,489 shares. Kennedy Cap Management has invested 0.05% of its portfolio in Anixter International Inc. (NYSE:AXE). Comml Bank Of Montreal Can holds 4,481 shares or 0% of its portfolio. C M Bidwell & Limited has 0.04% invested in the company for 2,795 shares. Ls Inv Advsrs Limited Liability Corp has invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Spot Trading holds 9,881 shares or 0.01% of its portfolio. Schwab Charles Inv last reported 128,135 shares in the company. Ladenburg Thalmann Fincl Incorporated has invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Price T Rowe Assoc Md has 178,470 shares for 0% of their US portfolio. Barrow Hanley Mewhinney And Strauss Limited Liability Com reported 95,787 shares or 0.01% of all its holdings.
Insider Transactions: Since September 2, 2016, the stock had 0 insider purchases, and 5 sales for $1.56 million net activity. Another trade for 4,100 shares valued at $266,500 was made by Galvin William on Friday, September 2. SHOEMAKER RODNEY A sold $69,000 worth of stock or 1,000 shares. FABER TERRANCE sold 650 shares worth $43,030.
About 76,339 shares traded hands. Anixter International Inc. (NYSE:AXE) has risen 39.84% since April 21, 2016 and is uptrending. It has outperformed by 34.51% the S&P500.
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 has a market cap of $2.65 billion. The Firm provides clients access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries. It has a 29.53 P/E ratio. The Company’s divisions include Network & Security Solutions , Electrical & Electronic Solutions (EES) and Utility Power Solutions (UPS).
According to Zacks Investment Research, “Anixter International Inc. is a leading global distributor of communication products used in building enterprise and service provider data, voice and video networks. In addition, Anixter is a leading distributor of specialty wire and cable products to original equipment manufacturers and to industrial companies for maintenance and repair operations.”
Analysts await Anixter International Inc. (NYSE:AXE) to report earnings on February, 7. They expect $1.23 EPS, up 39.77% or $0.35 from last year’s $0.88 per share. AXE’s profit will be $41.03M for 16.15 P/E if the $1.23 EPS becomes a reality. After $1.38 actual EPS reported by Anixter International Inc. for the previous quarter, Wall Street now forecasts -10.87% negative EPS growth.
More important recent Anixter International Inc. (NYSE:AXE) news were published by: Businesswire.com which released: “Anixter International Inc. Announces the Acquisition of the Power Solutions ..” on July 15, 2015, also Businesswire.com published article titled: “Anixter International Inc. Reports Second Quarter 2016 Results”, Businesswire.com published: “Anixter International Inc. Announces Closing of Power Solutions Acquisition” on October 05, 2015. More interesting news about Anixter International Inc. (NYSE:AXE) was released by: Prnewswire.com and their article: “Anixter Inc. Selects Adaptiva to Scale Software Distribution Across their ..” with publication date: September 27, 2016.
Anixter International Inc., incorporated on December 6, 1967, is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Firm provides clients access to inventory management programs, approximately 270 warehouses and locations in over 300 cities across over 50 countries. The Company’s divisions include Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES) and Utility Power Solutions (UPS). The Company’s inventory management services include procurement, advisory engineering services, component kit production, small component assembly and e-commerce, and electronic data interchange. The Firm caters to industry groups, such as manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, aerospace and defense, healthcare, retail, transportation, utilities and others. The Company’s subsidiary is Anixter Inc.
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