Bank of New York Mellon Corp trimmed its position in Anixter International Inc. (NYSE:AXE) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,574 shares of the technology company’s stock after selling 9,557 shares during the period. Bank of New York Mellon Corp owned approximately 1.32% of Anixter International worth $37,278,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Chicago Equity Partners LLC bought a new stake in Anixter International during the 2nd quarter worth approximately $1,389,000. Affinity Investment Advisors LLC bought a new stake in Anixter International during the 3rd quarter worth approximately $264,000. Victory Capital Management Inc. increased its stake in Anixter International by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock worth $83,284,000 after purchasing an additional 106,813 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Anixter International during the 3rd quarter worth approximately $709,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Anixter International by 11.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 201,081 shares of the technology company’s stock worth $15,725,000 after purchasing an additional 21,182 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.
A number of research firms recently issued reports on AXE. TheStreet cut Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Robert W. Baird reissued a “hold” rating and set a $86.00 target price on shares of Anixter International in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $86.00.
Shares of Anixter International Inc. (NYSE AXE) opened at $69.95 on Friday. Anixter International Inc. has a 52 week low of $62.40 and a 52 week high of $88.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. The stock has a market capitalization of $2,357.35, a P/E ratio of 14.00, a P/E/G ratio of 1.38 and a beta of 2.03.
Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.21). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. Anixter International’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. analysts anticipate that Anixter International Inc. will post 5.13 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Bank of New York Mellon Corp Has $37.28 Million Position in Anixter International Inc. (AXE)” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://sportsperspectives.com/2017/12/08/bank-of-new-york-mellon-corp-has-37-28-million-position-in-anixter-international-inc-axe.html.
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).
Receive News & Ratings for Anixter International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.