Russell Investments Group Ltd. lowered its stake in Anixter International Inc. (NYSE:AXE) by 90.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,785 shares of the technology company’s stock after selling 98,933 shares during the period. Russell Investments Group Ltd.’s holdings in Anixter International were worth $643,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 28,410 shares during the period. Rhumbline Advisers increased its position in shares of Anixter International by 1.7% in the 1st quarter. Rhumbline Advisers now owns 93,194 shares of the technology company’s stock valued at $5,229,000 after buying an additional 1,539 shares in the last quarter. Comerica Bank increased its holdings in Anixter International by 5.2% during the 1st quarter. Comerica Bank now owns 30,078 shares of the technology company’s stock worth $1,819,000 after purchasing an additional 1,492 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Anixter International by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 19,551 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 708 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Anixter International by 137.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,049 shares of the technology company’s stock valued at $1,742,000 after acquiring an additional 17,966 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.
AXE traded down $0.97 during midday trading on Tuesday, reaching $65.63. The company’s stock had a trading volume of 9,122 shares, compared to its average volume of 140,185. The stock’s 50-day moving average is $61.28 and its 200-day moving average is $59.22. Anixter International Inc. has a 1 year low of $50.05 and a 1 year high of $72.30. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.17 and a beta of 1.90.
In other news, Director Robert J. Eck sold 70,706 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $62.63, for a total value of $4,428,316.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director F Philip Handy sold 2,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $65.15, for a total transaction of $130,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,685 shares of company stock valued at $6,155,657 in the last quarter. 11.00% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on AXE shares. Zacks Investment Research upgraded shares of Anixter International from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research report on Tuesday, July 30th. Wells Fargo & Co upgraded shares of Anixter International from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $70.00 to $90.00 in a report on Monday. ValuEngine upgraded shares of Anixter International from a “strong sell” rating to a “sell” rating in a report on Thursday, September 5th. Finally, TheStreet raised shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Monday, September 16th.
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.
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