Today, a Director at Anixter International Inc (NYSE: AXE), Melvyn Klein, bought shares of AXE for $117.8K.
This is Klein’s first transaction since reporting a Buy transaction on PARR back in June 2017 Following this transaction Melvyn Klein’s holding in the company was increased by 2.88% to a total of $4.28 million.
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Based on Anixter International Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.96 billion and quarterly net profit of $32.1 million. In comparison, last year the company earned revenue of $1.9 billion and had a net profit of $30.9 million. The company has a one-year high of $88.85 and a one-year low of $58.13. AXE’s market cap is $2.02B and the company has a P/E ratio of 18.17.
Four different firms, including Imperial Capital and Robert W. Baird, currently also have a Buy rating on the stock.
The insider sentiment on Anixter International Inc has been positive according to 105 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Melvyn Klein’s trades have generated a 20.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Anixter International, Inc. engages in the distribution of network and security solutions; electrical and electronic solutions; and utility power solutions. It operates through following business segments: Network and Security Solutions; Electrical and Electronic Solutions; and Utility Power Solutions.
