State Of Alaska Department Of Revenue Has Lifted Its Patrick Inds (PATK) Stake; Anixter International Inc. (AXE) Had 1 Bulls

Anixter International Inc. (NYSE:AXE) Logo

State Of Alaska Department Of Revenue increased Patrick Inds Inc (PATK) stake by 123.82% reported in 2019Q3 SEC filing. State Of Alaska Department Of Revenue acquired 9,537 shares as Patrick Inds Inc (PATK)’s stock rose 45.14%. The State Of Alaska Department Of Revenue holds 17,239 shares with $739,000 value, up from 7,702 last quarter. Patrick Inds Inc now has $1.31 billion valuation. The stock decreased 0.97% or $0.54 during the last trading session, reaching $55.14. About 166,374 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 43.53% since January 16, 2019 and is uptrending. It has outperformed by 43.53% the S&P500. Some Historical PATK News: 30/04/2018 – Patrick Industries, Inc. Completes Acquisition Of Dehco, Inc; 26/04/2018 – Patrick Industries 1Q EPS $1.20; 26/04/2018 – Patrick Industries Closes Above 200-Day Average: Technicals; 31/05/2018 – Patrick Industries, Inc. Completes Acquisition Of Dowco, Inc; 18/05/2018 – Patrick Industries Raises Buyback Authorization to $50M Over the Next 24 Mos; 31/05/2018 – Patrick Industries Expects the Acquisition to Be Immediately Accretive to Net Income Per Shr; 19/03/2018 Patrick Industries, Inc. Completes Acquisition of Collins & Company, Inc; 19/03/2018 – PATRICK INDUSTRIES BUYS COLLINS & CO. FOR ABOUT $36.5M; 26/04/2018 – Patrick Industries 1Q Net $30.1M; 18/05/2018 – Patrick Industries, Inc. Announces Increased Share Repurchase Authorization

Among 2 analysts covering Anixter Int`l (NYSE:AXE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Anixter Int`l has $9000 highest and $8300 lowest target. $86.50’s average target is -12.71% below currents $99.09 stock price. Anixter Int`l had 8 analyst reports since September 20, 2019 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, November 25 by Robert W. Baird. The rating was upgraded by Wells Fargo on Monday, September 23 to “Outperform”. See Anixter International Inc. (NYSE:AXE) latest ratings:

06/01/2020 Broker: BidaskScore Rating: Buy Upgrade
20/12/2019 Broker: BidaskScore Rating: Buy Downgrade
25/11/2019 Broker: Robert W. Baird Rating: Neutral Old Target: $81.0000 New Target: $83.0000 Maintain
11/11/2019 Broker: BidaskScore Rating: Buy Upgrade
31/10/2019 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
28/09/2019 Broker: BidaskScore Rating: Buy Upgrade
23/09/2019 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Old Target: $70.0000 New Target: $90.0000 Upgrade
20/09/2019 Broker: BidaskScore Rating: Buy Downgrade

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 $3.35 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 16.65 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.

Investors sentiment increased to 1.33 in 2019 Q3. Its up 0.14, from 1.19 in 2019Q2. It is positive, as 9 investors sold Anixter International Inc. shares while 58 reduced holdings. 32 funds opened positions while 57 raised stakes. 27.52 million shares or 2.38% more from 26.88 million shares in 2019Q2 were reported. Dupont Cap reported 0.02% of its portfolio in Anixter International Inc. (NYSE:AXE). Envestnet Asset Mngmt Incorporated owns 27,054 shares or 0% of their US portfolio. Comerica Natl Bank reported 0.02% stake. 7,233 are owned by Employees Retirement Sys Of Ohio. Geode Capital Ltd Liability Corp has invested 0.01% in Anixter International Inc. (NYSE:AXE). Alpha Windward Limited Com holds 0.34% or 7,320 shares. Mraz Amerine & Assoc Inc has 0.07% invested in Anixter International Inc. (NYSE:AXE). New York State Common Retirement Fund reported 0.02% stake. Deutsche Bancorp Ag stated it has 27,185 shares. Fincl Bank Of Mellon invested in 0.01% or 413,745 shares. Texas Permanent School Fund has invested 0.02% in Anixter International Inc. (NYSE:AXE). Metropolitan Life Insur Com Ny holds 9,716 shares. Cim Inv Mangement has invested 0.24% of its portfolio in Anixter International Inc. (NYSE:AXE). 692,200 were reported by Fisher Asset Limited Liability Co. Prudential accumulated 525,925 shares or 0.06% of the stock.

The stock increased 0.43% or $0.42 during the last trading session, reaching $99.09. About 372,002 shares traded. Anixter International Inc. (NYSE:AXE) has risen 48.22% since January 16, 2019 and is uptrending. It has outperformed by 48.22% the S&P500. Some Historical AXE News: 26/04/2018 – Anixter Closes Below 200-Day Moving Average: Technicals; 26/04/2018 – Anixter International 1Q EPS 94c; 26/04/2018 – Anixter International Sees FY18 Capital Expenditures of $60M-$70M; 26/04/2018 – Anixter International Expects Acquisitions Close Before 2Q-End, Add to Earnings in First Full Year of Operation; 26/04/2018 – Anixter International Sees FY18 Organic Sales Growth of 2.0%-5.0%; 26/04/2018 – Anixter International 1Q Adj EPS $1.16; 26/04/2018 – Anixter International Sees FY18 Cash Flow From Ops of $180M-$200M; 26/04/2018 – ANIXTER INTERNATIONAL INC – ENTERED INTO DEFINITIVE AGREEMENTS TO ACQUIRE SECURITY BUSINESSES IN AUSTRALIA AND NEW ZEALAND FOR $151 MLN; 26/04/2018 – ANIXTER INTERNATIONAL – FOR 2018, CONTINUE TO ESTIMATE CASH FLOW FROM OPERATIONS OF $180 MLN – $200 MLN AND CAPITAL EXPENDITURES OF $60 MLN – $70 MLN; 22/03/2018 Anixter Moves Flagship European Distribution Center to Lichfield, U.K

More notable recent Anixter International Inc. (NYSE:AXE) news were published by: Benzinga.com which released: “Wesco To Buy Anixter In $4.5B Merger: It’s Official – Benzinga” on January 13, 2020, also Benzinga.com with their article: “Anixter Bidding War Continues As WESCO Raises Offer To $97 Per Share – Benzinga” published on January 03, 2020, Seekingalpha.com published: “Anixter: Bidding War Might Not Be Over – Seeking Alpha” on December 29, 2019. More interesting news about Anixter International Inc. (NYSE:AXE) were released by: Seekingalpha.com and their article: “Wesco sweetens bid for Anixter – Seeking Alpha” published on December 26, 2019 as well as Seekingalpha.com‘s news article titled: “Anixter chooses CD&R’s raised buyout bid over Wesco – Seeking Alpha” with publication date: January 02, 2020.

State Of Alaska Department Of Revenue decreased Terreno Rlty Corp (NYSE:TRNO) stake by 18,855 shares to 5,305 valued at $271,000 in 2019Q3. It also reduced Monmouth Real Estate Invt Co (NYSE:MNR) stake by 27,834 shares and now owns 7,603 shares. Sabra Health Care Reit Inc (NASDAQ:SBRA) was reduced too.

Among 2 analysts covering Patrick Industries (NASDAQ:PATK), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Patrick Industries has $54 highest and $3600 lowest target. $45’s average target is -18.39% below currents $55.14 stock price. Patrick Industries had 3 analyst reports since September 4, 2019 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Friday, October 25. Bank of America maintained Patrick Industries, Inc. (NASDAQ:PATK) on Wednesday, September 4 with “Underperform” rating.

Investors sentiment increased to 1.08 in 2019 Q3. Its up 0.29, from 0.79 in 2019Q2. It increased, as 19 investors sold PATK shares while 54 reduced holdings. 24 funds opened positions while 55 raised stakes. 20.49 million shares or 3.46% less from 21.23 million shares in 2019Q2 were reported. New York-based Pinebridge Investments LP has invested 0.02% in Patrick Industries, Inc. (NASDAQ:PATK). Alliancebernstein LP reported 100,727 shares. Moreover, Susquehanna Interest Gp Ltd Liability Partnership has 0% invested in Patrick Industries, Inc. (NASDAQ:PATK). Moreover, Timessquare Capital Mgmt Llc has 0.17% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 437,700 shares. Advisors Asset reported 0% stake. Parametric Associates Limited Liability Company holds 44,284 shares or 0% of its portfolio. Brandywine Management Limited Liability Company reported 78,387 shares. Gendell Jeffrey L holds 5.01% in Patrick Industries, Inc. (NASDAQ:PATK) or 819,571 shares. The Ohio-based James Investment Research Inc has invested 0.1% in Patrick Industries, Inc. (NASDAQ:PATK). Dean Management reported 0.5% in Patrick Industries, Inc. (NASDAQ:PATK). Wasatch Incorporated owns 85,379 shares. Franklin Resource Inc stated it has 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Arizona State Retirement System stated it has 26,351 shares. Assetmark reported 0% stake. Catalyst Limited Liability has 0.01% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 5,900 shares.

Anixter International Inc. (NYSE:AXE) Institutional Positions Chart