Anixter International Incorporated (NYSE:AXE)’s Stock Is Buy After Less Market Selling

December 7, 2017 - By Ellis Scott

 Anixter International Incorporated (NYSE:AXE)'s Stock Is Buy After Less Market Selling

Investors sentiment decreased to 1.23 in 2017 Q2. Its down 0.47, from 1.7 in 2017Q1. It worsened, as 21 investors sold Anixter International Inc. shares while 59 reduced holdings. 27 funds opened positions while 71 raised stakes. 26.13 million shares or 1.61% less from 26.56 million shares in 2017Q1 were reported.
Comerica Bank & Trust holds 30,463 shares or 0.02% of its portfolio. Delphi Incorporated Ma owns 0.87% invested in Anixter International Inc. (NYSE:AXE) for 19,988 shares. Goldman Sachs Gp Incorporated accumulated 734,743 shares or 0.01% of the stock. Jacobs Levy Equity Mgmt owns 20,590 shares for 0.03% of their portfolio. Us State Bank De stated it has 4,527 shares. Loomis Sayles & Lp has invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Tributary Capital Mgmt Lc has invested 1.55% of its portfolio in Anixter International Inc. (NYSE:AXE). Ls Advsr Ltd stated it has 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Credit Suisse Ag reported 24,890 shares stake. Cna holds 0.24% in Anixter International Inc. (NYSE:AXE) or 13,019 shares. State Teachers Retirement holds 0.01% or 58,970 shares in its portfolio. Millennium Management reported 11,976 shares or 0% of all its holdings. Louisiana State Employees Retirement Systems stated it has 11,600 shares or 0.04% of all its holdings. State Board Of Administration Of Florida Retirement invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Meeder Asset Management Inc holds 2,798 shares.

Since June 15, 2017, it had 0 insider buys, and 1 insider sale for $76,200 activity.

The stock of Anixter International Incorporated (NYSE:AXE) registered a decrease of 15.43% in short interest. AXE’s total short interest was 258,100 shares in December as published by FINRA. Its down 15.43% from 305,200 shares, reported previously. With 249,300 shares average volume, it will take short sellers 1 days to cover their AXE’s short positions. The short interest to Anixter International Incorporated’s float is 0.98%.

The stock decreased 1.27% or $0.9 during the last trading session, reaching $69.95. About 169,188 shares traded or 0.80% up from the average. Anixter International Inc. (NYSE:AXE) has risen 37.61% since December 7, 2016 and is uptrending. It has outperformed by 20.91% the S&P500.

Anixter International Inc., through its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. The company has market cap of $2.33 billion. The Company’s Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinets, power, cable management, wireless, professional audio/video, voice and networking switches, and other ancillary products to technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail industries. It has a 16.31 P/E ratio. The companyÂ’s Electrical and Electronic Solutions segment provides electrical and electronic wires and cables, shipboard cables, support and supply products, low-voltage cables, instrumentation cables, industrial communication and control products, security cables, connectors, industrial Ethernet switches, and voice and data cables to the commercial and industrial, and original equipment maker markets.

Anixter International Inc. (NYSE:AXE) Ratings Coverage

Among 6 analysts covering Anixter (NYSE:AXE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Anixter had 17 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, October 19 the stock rating was maintained by Imperial Capital with “In-Line”. Imperial Capital upgraded Anixter International Inc. (NYSE:AXE) rating on Thursday, October 27. Imperial Capital has “Outperform” rating and $72 target. On Monday, April 25 the stock rating was maintained by Imperial Capital with “In-Line”. The stock has “In-Line” rating by Imperial Capital on Thursday, February 2. As per Thursday, July 30, the company rating was maintained by Imperial Capital. The stock of Anixter International Inc. (NYSE:AXE) earned “Hold” rating by Robert W. Baird on Tuesday, October 3. The stock of Anixter International Inc. (NYSE:AXE) has “Hold” rating given on Wednesday, August 30 by Robert W. Baird. The firm has “In-Line” rating by Imperial Capital given on Friday, February 19. Longbow downgraded the shares of AXE in report on Friday, December 2 to “Neutral” rating. The stock of Anixter International Inc. (NYSE:AXE) has “Outperform” rating given on Wednesday, July 27 by Imperial Capital.

More important recent Anixter International Inc. (NYSE:AXE) news were published by: Businesswire.com which released: “Anixter International Inc. Announces Appointment of William A. Galvin as …” on May 30, 2017, also Businesswire.com published article titled: “Anixter to Share Smart Building Technology Insights on Science Channel”, Businesswire.com published: “Anixter International Inc. Reports Third Quarter 2017 Results” on October 24, 2017. More interesting news about Anixter International Inc. (NYSE:AXE) was released by: Nasdaq.com and their article: “Chai Trust Co Llc Buys Equity Lifestyle Properties Inc, Anixter International …” with publication date: November 16, 2017.

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