Today, the EVP-General Counsel, Secretary of Anixter International Inc (NYSE: AXE), Justin Choi, bought shares of AXE for $89.83K.
This recent transaction increases Justin Choi’s holding in the company by 4.06% to a total of $2.32 million. In addition to Justin Choi, 4 other AXE executives reported Buy trades in the last month.
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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 $1.99B and the company has a P/E ratio of 18.65.
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 107 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Anixter International, Inc. engages in the distribution of solutions for network and security, electrical and electronic, and utility power. It operates through following segments: Network and Security Solutions (NSS), Electrical and Electronic Solutions (EES), and Utility Power Solutions (UPS).
