Anixter (AXE) CEO Robert J. Eck Sells 12,200 Shares of Stock

Anixter (NYSE:AXE) CEO Robert J. Eck sold 12,200 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $75.30, for a total transaction of $918,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert J. Eck also recently made the following trade(s):

  • On Thursday, March 15th, Robert J. Eck sold 2,812 shares of Anixter stock. The shares were sold at an average price of $78.37, for a total transaction of $220,376.44.
  • On Wednesday, March 7th, Robert J. Eck sold 12,200 shares of Anixter stock. The shares were sold at an average price of $76.04, for a total transaction of $927,688.00.
  • On Tuesday, January 16th, Robert J. Eck sold 7,800 shares of Anixter stock. The shares were sold at an average price of $80.12, for a total transaction of $624,936.00.

Anixter stock opened at $76.40 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10. Anixter has a 12-month low of $62.40 and a 12-month high of $88.85. The firm has a market cap of $2,535.27, a P/E ratio of 14.81, a P/E/G ratio of 1.20 and a beta of 2.04.



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

Several institutional investors have recently added to or reduced their stakes in AXE. Earnest Partners LLC acquired a new position in shares of Anixter during the 4th quarter valued at $47,586,000. Pzena Investment Management LLC lifted its position in shares of Anixter by 77.7% during the 4th quarter. Pzena Investment Management LLC now owns 860,348 shares of the technology company’s stock valued at $65,386,000 after acquiring an additional 376,316 shares during the period. Sei Investments Co. lifted its position in shares of Anixter by 40,262.2% during the 4th quarter. Sei Investments Co. now owns 232,486 shares of the technology company’s stock valued at $15,537,000 after acquiring an additional 231,910 shares during the period. Jennison Associates LLC lifted its position in shares of Anixter by 14.2% during the 4th quarter. Jennison Associates LLC now owns 770,566 shares of the technology company’s stock valued at $58,563,000 after acquiring an additional 95,781 shares during the period. Finally, Channing Capital Management LLC lifted its position in shares of Anixter by 11.6% during the 4th quarter. Channing Capital Management LLC now owns 686,577 shares of the technology company’s stock valued at $52,180,000 after acquiring an additional 71,638 shares during the period. Institutional investors own 92.55% of the company’s stock.

A number of equities research analysts have recently commented on AXE shares. TheStreet raised shares of Anixter from a “c+” rating to a “b-” rating in a research note on Wednesday, January 10th. ValuEngine raised shares of Anixter from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research raised shares of Anixter from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Wells Fargo reaffirmed a “market perform” rating and issued a $90.00 price objective (up from $78.00) on shares of Anixter in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.00.

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About Anixter

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.

Insider Buying and Selling by Quarter for Anixter (NYSE:AXE)

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