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

December 7, 2017 - By Maria Brooks

 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 fall, 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.
Moreover, Susquehanna Int Group Llp has 0% invested in Anixter International Inc. (NYSE:AXE). Trexquant Ltd Partnership owns 2,800 shares. Gsa Ptnrs Limited Liability Partnership holds 0.06% or 11,057 shares. Gemmer Asset Mngmt Lc holds 0% or 74 shares. Jpmorgan Chase Co holds 0% of its portfolio in Anixter International Inc. (NYSE:AXE) for 127,929 shares. Northern has 345,441 shares. Capstone Asset Com reported 7,720 shares. Mufg Americas Holding Corporation accumulated 0% or 263 shares. Contravisory Inv Mngmt invested 0.46% of its portfolio in Anixter International Inc. (NYSE:AXE). Prudential Financial accumulated 0.03% or 274,870 shares. Clearbridge Invs Limited Company owns 0% invested in Anixter International Inc. (NYSE:AXE) for 393 shares. Mraz Amerine And Assocs Inc holds 0.1% in Anixter International Inc. (NYSE:AXE) or 4,000 shares. 4,527 were reported by Us Bancshares De. First Advsr L P owns 16,648 shares. Schwab Charles Mgmt Inc reported 0.01% stake.

Since June 15, 2017, it had 0 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. The rating was upgraded by Longbow to “Buy” on Thursday, September 10. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 3 report. The company was maintained on Monday, April 25 by Imperial Capital. The stock has “In-Line” rating by Imperial Capital on Thursday, February 2. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, July 27. The stock of Anixter International Inc. (NYSE:AXE) has “In-Line” rating given on Thursday, July 30 by Imperial Capital. The firm earned “Buy” rating on Monday, September 21 by Zacks. The stock of Anixter International Inc. (NYSE:AXE) has “Outperform” rating given on Thursday, October 27 by Imperial Capital. The firm has “In-Line” rating given on Monday, October 19 by Imperial Capital. The rating was downgraded by Longbow to “Neutral” on Friday, December 2.

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

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