Anixter International (AXE) : Dean Capital Management added new position in Anixter International during the most recent quarter end. The investment management firm now holds 33,828 shares of Anixter International which is valued at $1.9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Anixter International makes up approximately 2.73% of Dean Capital Management’s portfolio.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in AXE by selling 2,419 shares or 8.96% in the most recent quarter. The Hedge Fund company now holds 24,593 shares of AXE which is valued at $1.4 Million.Gsa Capital Partners Llp boosted its stake in AXE in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 14,400 shares of Anixter International which is valued at $811,584. Anixter International makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio.Teachers Advisors Inc boosted its stake in AXE in the latest quarter, The investment management firm added 7,237 additional shares and now holds a total of 183,472 shares of Anixter International which is valued at $11 Million. Anixter International makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Tributary Capital Management boosted its stake in AXE in the latest quarter, The investment management firm added 28,382 additional shares and now holds a total of 125,957 shares of Anixter International which is valued at $7.5 Million. Anixter International makes up approx 1.19% of Tributary Capital Management’s portfolio.
Anixter International opened for trading at $55.8 and hit $57.23 on the upside on Friday, eventually ending the session at $56.53, with a gain of 1.82% or 1.01 points. The heightened volatility saw the trading volume jump to 1,01,361 shares. Company has a market cap of $1,868 M.
On the company’s financial health, Anixter International reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.81. The company had revenue of $1816.20 million for the quarter, compared to analysts expectations of $1752.90 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Anixter International. Company shares were Reiterated by Imperial Capital on Apr 25, 2016 to “In-line”, Firm has raised the Price Target to $ 60 from a previous price target of $49 .Shares were Reiterated by Imperial Capital on Feb 19, 2016 to “In-line” and Lowered the Price Target to $ 49 from a previous price target of $70 .
Anixter International Inc. is engaged in the distribution of enterprise cabling and security solutions electrical and electronic wire and cable products original equipment manufacturer (OEM) supply fasteners and other small parts. The Company operates under the following segments: Enterprise Cabling and Security Solutions; Electrical and Electronic Wire and Cable and OEM Supply – Fasteners. The Company’s inventory management services include procurement advisory engineering services component kit production small component assembly and e-commerce and electronic data interchange. Its customers include international national regional and local companies. The Company caters to industry groups such as manufacturing resource extraction telecommunications Internet service providers finance education healthcare retail transportation utilities aerospace and defense and Government. The Company’s wholly owned subsidiary is Anixter Inc.