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Jennison Associates Cut Anixter Intl (AXE) Stake By $653,700; Standard Motor Products, Inc. (SMP) Covered By 3 Bullish Analysts Last Week

Anixter International Inc. (NYSE:AXE) Logo

Among 4 analysts covering Standard Motor (NYSE:SMP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Standard Motor had 11 analyst reports since October 15, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, October 20. The firm earned “Buy” rating on Monday, April 18 by Sidoti. Jefferies maintained it with “Buy” rating and $6000 target in Thursday, July 6 report. Jefferies maintained Standard Motor Products, Inc. (NYSE:SMP) rating on Thursday, August 4. Jefferies has “Buy” rating and $50 target. The firm has “Buy” rating given on Wednesday, August 9 by Jefferies. The stock has “Buy” rating by Jefferies on Monday, September 11. The firm has “Hold” rating by FBR Capital given on Wednesday, February 21. The firm has “Mkt Perform” rating by FBR Capital given on Friday, February 17. On Wednesday, October 18 the stock rating was maintained by Jefferies with “Buy”. The rating was upgraded by BB&T Capital on Thursday, October 15 to “Buy”. See Standard Motor Products, Inc. (NYSE:SMP) latest ratings:

21/02/2018 Broker: FBR Capital Rating: Hold New Target: $48.0 Maintain

Jennison Associates Llc decreased Anixter Intl Inc (AXE) stake by 1.13% reported in 2018Q1 SEC filing. Jennison Associates Llc sold 8,716 shares as Anixter Intl Inc (AXE)’s stock declined 22.71%. The Jennison Associates Llc holds 761,850 shares with $57.71M value, down from 770,566 last quarter. Anixter Intl Inc now has $2.17 billion valuation. The stock decreased 0.23% or $0.15 during the last trading session, reaching $64.9. About 101,503 shares traded. Anixter International Inc. (NYSE:AXE) has declined 20.29% since June 14, 2017 and is downtrending. It has underperformed by 32.86% the S&P500. Some Historical AXE News: ; 26/04/2018 – Anixter International Expects Acquisitions Close Before 2Q-End, Add to Earnings in First Full Year of Operation; 26/04/2018 – Anixter Closes Below 200-Day Moving Average: Technicals; 26/04/2018 – Anixter International Enters Definitive Agreements to Acquire Security Businesses in Australia and New Zealand for About $151M; 19/04/2018 – DJ Anixter International Inc, Inst Holders, 1Q 2018 (AXE); 26/04/2018 – Anixter International Sees FY18 Capital Expenditures of $60M-$70M; 26/04/2018 – Anixter International 1Q Net $32.1M; 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 Sees FY18 Cash Flow From Ops of $180M-$200M; 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; 26/04/2018 – Anixter International 1Q Adj EPS $1.16

Among 6 analysts covering Anixter (NYSE:AXE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Anixter had 18 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by Zacks on Monday, September 21. The rating was upgraded by Imperial Capital to “Outperform” on Thursday, October 27. The rating was maintained by Imperial Capital with “In-Line” on Friday, February 19. The stock of Anixter International Inc. (NYSE:AXE) has “In-Line” rating given on Thursday, July 30 by Imperial Capital. Longbow upgraded the shares of AXE in report on Thursday, September 10 to “Buy” rating. The firm has “Outperform” rating given on Wednesday, July 27 by Imperial Capital. Robert W. Baird maintained Anixter International Inc. (NYSE:AXE) on Tuesday, October 3 with “Hold” rating. As per Wednesday, August 30, the company rating was maintained by Robert W. Baird. The rating was downgraded by Imperial Capital on Thursday, February 2 to “In-Line”. The stock has “In-Line” rating by Imperial Capital on Monday, October 19.

Jennison Associates Llc increased Biogen Inc (NASDAQ:BIIB) stake by 205,771 shares to 230,771 valued at $63.19 million in 2018Q1. It also upped Moelis & Co (NYSE:MC) stake by 436,147 shares and now owns 1.19M shares. Boston Scientific Corp (NYSE:BSX) was raised too.

Since January 16, 2018, it had 4 buys, and 4 sales for $2.17 million activity. The insider Eck Robert J. sold 12,200 shares worth $918,686. Choi Justin C also bought $89,832 worth of Anixter International Inc. (NYSE:AXE) on Monday, April 30. KLEIN MELVYN N bought 2,000 shares worth $117,800. BRACE FREDERIC F also bought $60,350 worth of Anixter International Inc. (NYSE:AXE) shares. Dosch Ted A had bought 4,200 shares worth $254,312 on Monday, April 30.

Investors sentiment increased to 1.26 in Q1 2018. Its up 0.10, from 1.16 in 2017Q4. It is positive, as 18 investors sold AXE shares while 56 reduced holdings. 32 funds opened positions while 61 raised stakes. 26.93 million shares or 1.84% less from 27.44 million shares in 2017Q4 were reported. Parametric Port Associates Limited Liability Co holds 103,980 shares. Loomis Sayles & Co Limited Partnership invested in 93 shares or 0% of the stock. Metropolitan Life Insurance owns 9,338 shares or 0% of their US portfolio. State Street Corporation, Massachusetts-based fund reported 763,607 shares. Barclays Public Ltd Com holds 0% or 11,209 shares. Sg Americas Ltd owns 3,434 shares or 0% of their US portfolio. Dimensional Fund Advisors Ltd Partnership has invested 0.05% in Anixter International Inc. (NYSE:AXE). The Missouri-based Moneta Group Incorporated Inv Advisors Ltd Liability has invested 0% in Anixter International Inc. (NYSE:AXE). Wells Fargo And Mn holds 0.01% or 375,131 shares. Federated Invsts Pa reported 51,780 shares. Meeder Asset Mgmt Inc invested in 0% or 272 shares. Verition Fund Ltd Liability Corporation reported 2,830 shares or 0.02% of all its holdings. Vanguard Grp has 3.02 million shares for 0.01% of their portfolio. Dreman Value Mngmt L L C invested in 0.02% or 584 shares. 146 are owned by Captrust Financial Advsr.

Analysts await Anixter International Inc. (NYSE:AXE) to report earnings on July, 24. They expect $1.41 earnings per share, up 3.68% or $0.05 from last year’s $1.36 per share. AXE’s profit will be $47.14 million for 11.51 P/E if the $1.41 EPS becomes a reality. After $1.16 actual earnings per share reported by Anixter International Inc. for the previous quarter, Wall Street now forecasts 21.55% EPS growth.

The stock decreased 1.24% or $0.59 during the last trading session, reaching $47.07. About 62,516 shares traded. Standard Motor Products, Inc. (NYSE:SMP) has declined 8.44% since June 14, 2017 and is downtrending. It has underperformed by 21.01% the S&P500. Some Historical SMP News: ; 28/03/2018 – Standard Motor Closes Above 200-Day Moving Average: Technicals; 25/04/2018 – Consolidated Research: 2018 Summary Expectations for Select Income REIT, Cal-Maine Foods, Capstead Mortgage, Standard Motor Pro; 03/05/2018 – Standard Motor 1Q EPS 35c; 22/05/2018 – Standard Motor Products Releases 123 New Parts for Standard® and lntermotor®; 04/04/2018 – Standard Motor Products Spotlights Its Basic Manufacturing During Standard® “Back to Basics” Sweepstakes; 02/05/2018 – /C O R R E C T I O N — Standard Motor Products, Inc./; 08/03/2018 Standard Motor Forms Golden Cross: Technicals; 19/04/2018 – DJ Standard Motor Products Inc, Inst Holders, 1Q 2018 (SMP); 03/05/2018 – Standard Motor 1Q Adj EPS 46c; 03/05/2018 – STANDARD MOTOR 1Q ADJ EPS CONT OPS 46C

Since February 23, 2018, it had 0 insider purchases, and 1 insider sale for $200,000 activity. STURDIVANT FREDERICK D sold $200,000 worth of stock.

Investors sentiment increased to 1.38 in Q1 2018. Its up 0.26, from 1.12 in 2017Q4. It is positive, as 10 investors sold Standard Motor Products, Inc. shares while 37 reduced holdings. 16 funds opened positions while 49 raised stakes. 17.70 million shares or 1.54% less from 17.98 million shares in 2017Q4 were reported. New Jersey-based Jacobs Levy Equity Mngmt has invested 0.01% in Standard Motor Products, Inc. (NYSE:SMP). Great West Life Assurance Can has 27,546 shares. Metropolitan Life Insurance New York stated it has 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Advisory Svcs Net Ltd Company has 56 shares for 0% of their portfolio. Arizona State Retirement System has 0.02% invested in Standard Motor Products, Inc. (NYSE:SMP). Goldman Sachs Group Inc Inc accumulated 357,369 shares or 0% of the stock. Gotham Asset Lc has 36,568 shares. Jpmorgan Chase And reported 119,186 shares. Bartlett And Limited Liability Company accumulated 500 shares. Piedmont Inv Advisors Ltd Liability Com owns 4,350 shares or 0.01% of their US portfolio. 26,300 were accumulated by Alliancebernstein Lp. Coldstream Cap Mgmt reported 0.08% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Pinebridge Investments Ltd Partnership holds 31,821 shares or 0.04% of its portfolio. Teton holds 0.55% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 122,200 shares. Strs Ohio owns 18,800 shares.

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

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