Products, Technology, Supply Chain Services Delivered Globally
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Type
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Public |
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Traded as | NYSE: AXE S&P 600 Component |
Industry | Distribution (business) |
Founded | 1957 |
Headquarters | Glenview, IL |
Key people
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Robert Eck, CEO |
Products | Communication products and electrical and electronic wire and cable, and a leading distributor of OEM fasteners and aerospace hardware |
Revenue | US$7.623 billion (FY 2016) |
Operating income
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US$285.3 million (FY 2016) |
Net income
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US$120.5 million(FY 2016) |
Total assets | US$ 4.094 billion (FY 2016) |
Total equity | US$1.292 billion (FY 2016) |
Number of employees
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8,900 (2016) |
Website | www.anixter.com |
Anixter International is a company based in Glenview, Illinois, United States and founded in 1957. The company supplies communications and security products and electrical and electronic wire and cable. Anixter is a Fortune 500 company. In 2011, the company had $6.15 billion in revenue, operating in 260 cities in 50 countries.
The company operates with three major divisions: Network & Security Solutions, Electrical and Electronic Solutions, and Utility Power Solutions. Aerospace Hardware, once considered the fourth division, was sold by Anixter in 2011 to Greenbriar Equity.[1]
In 2002 Anixter was named as a Forbes "Platinum 400" company. In 2013, Fortune ranked Anixter 405 in the Fortune 500 list.
Anixter was started in 1957 by brothers Alan and Bill Anixter. Known originally as Anixter Brothers, the two opened Anixter as a wholesale distribution company that resold cable. The two brothers received a $10,000 loan from their mother to get the business started, and within 10 years grew revenue to $10 million. In 1969, Anixter moved its headquarters to Skokie. In an interview with the Chicago Tribune, Alan Anixter said he carried a list of acquisitions in his pocket, and by the end of the 1960s, Anixter acquired 19 companies. Anixter went public on the American Stock Exchange in 1967 and expanded to the U.K. in 1972. In 1975, Anixter gained a listing on the New York Stock Exchange, and by the end of the 1970s it had $268 million in sales and 38 warehouses in the U.S., nine in Canada, three in the U.K. and one in the Netherlands.
With the breakup of AT&T in early 1984, Anixter went about hiring executives from phone companies and suppliers and invested heavily in its telecommunications business. Until this time, regional telephone companies had to buy their equipment directly from AT&T’s Western Electric Company; however, this ruling allowed a business like Anixter’s to sell direct to regional telephone companies. By the mid 1980s, telecommunications sales made up 60 to 70 percent of Anixter’s business. In 1987, the holding company bought Anixter, which had moved into the data communications business. Itel was led by Samuel Zell, who had become chairman in 1985. In the late 1980s, Anixter created a program called Levels to compare one brand of cable to the other. By the 1990s, the Levels program became industry standard, and in 2003, Anixter sold the Levels program to Underwriters Laboratories. In 1989, Anixter crossed the $1 billion mark in sales. By the 1990s, Itel made Anixter its core operation, and in 1995, Itel changed its name to Anixter. In the 1990s, Anixter continued to expand into different markets. It entered the Mexico market in 1991, Australia in 1992, and Eastern Europe and Asia Pacific in 1993. Anixter entered the South American market in 1995. In the later 1990s and 2000s, Anixter purchased Pacer Electronics, Pentacon, Walters Hexagon, DDI, Infast Group, MFU, Eurofast, Total Supply Solutions, Quality Screw & Nut and Quality Screw de Mexico, World Class Wire & Cable, Sofrasar, CamilleGergen, CLARK Security Products and Jorvex.
2016-04-25 | Boost Price Target | Imperial Capital | In to In-Line | $49.00 to $60.00 |
2016-03-28 | Boost Price Target | Buckingham Research | Buy | $105.00 to $115.00 |
2016-02-20 | Reiterated Rating | Imperial Capital | Hold | |
2016-02-19 | Lower Price Target | Imperial Capital | In to In-Line | $70.00 to $49.00 |
2016-02-03 | Lower Price Target | Robert W. Baird | Neutral | $66.00 to $50.00 |
2016-01-14 | Lower Price Target | Robert W. Baird | $73.00 to $66.00 | |
2015-10-28 | Boost Price Target | Robert W. Baird | $70.00 to $73.00 | |
2015-10-19 | Lower Price Target | Imperial Capital | In to In-Line | $73.00 to $70.00 |
2015-09-10 | Upgrade | Longbow Research | Neutral to Buy | $78.00 |
2015-07-30 | Boost Price Target | Imperial Capital | In to line | $70.00 to $73.00 |
2015-07-09 | Initiated Coverage | Imperial Capital | In to In-Line | $70.00 |
2015-02-04 | Set Price Target | Credit Suisse | Sell | $81.00 |
2015-02-04 | Set Price Target | Credit Suisse Group AG | Sell | $81.00 |
2015-01-09 | Downgrade | BB&T Corp. | Buy to Hold | |
2014-09-09 | Reiterated Rating | Credit Suisse | Underperform | |
2014-07-31 | Lower Price Target | Robert W. Baird | $108.00 to $102.00 | |
2014-06-09 | Downgrade | Robert W. Baird | Outperform to Neutral | $108.00 |
2014-04-30 | Reiterated Rating | Robert W. Baird | Outperform | $115.00 to $108.00 |
2014-02-21 | Boost Price Target | Robert W. Baird | $103.00 to $115.00 | |
2014-02-05 | Downgrade | Cross Research | Hold | |
2014-01-31 | Lower Price Target | Buckingham Research | $103.00 to $101.00 | |
2014-01-31 | Boost Price Target | Wunderlich | Buy | $97.00 to $105.00 |
2013-10-23 | Lower Price Target | Robert W. Baird | Outperform | $96.00 to $94.00 |
2013-10-23 | Boost Price Target | Credit Suisse | $70.00 to $75.00 | |
2013-10-04 | Boost Price Target | Robert W. Baird | Outperform | $86.00 to $96.00 |
2011-06-28 | Upgrade | Robert W. Baird | Neutral to Outperform | $88 |
2009-09-02 | Initiated | Morgan Keegan | Outperform | |
2009-07-17 | Initiated | Longbow | Neutral | |
2009-05-15 | Upgrade | William Blair | Mkt Perform to Outperform | |
2009-04-01 | Downgrade | Robert W. Baird | Outperform to Neutral | $45 to $37 |
2009-02-04 | Upgrade | Stifel Nicolaus | Hold to Buy | $51.50 |
2016-04-25 | Boost Price Target | Imperial Capital | In to In-Line | $49.00 to $60.00 |
2016-03-28 | Boost Price Target | Buckingham Research | Buy | $105.00 to $115.00 |
2016-02-20 | Reiterated Rating | Imperial Capital | Hold | |
2016-02-19 | Lower Price Target | Imperial Capital | In to In-Line | $70.00 to $49.00 |
2016-02-03 | Lower Price Target | Robert W. Baird | Neutral | $66.00 to $50.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In AXE 28 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 2.35M |
BlackRock Institutional Trust Company, N.A. | 0.75M |
RUSSELL FRANK CO/ | 0.20M |
BlackRock Investment Management, LLC | 0.16M |
OPPENHEIMER FUNDS INC | 80802 |
TIAA CREF INVESTMENT MANAGEMENT LLC | 72658 |
MANAGED ACCOUNT ADVISORS LLC | 69538 |
TEACHERS ADVISORS INC | 67502 |
BlackRock Group LTD | 63668 |
BLACKROCK ADVISORS LLC | 57137 |
VTL Associates, LLC | 52326 |
PEAK6 Investments, L.P. | 16243 |
LOMBARDIA CAPITAL PARTNERS LLC | 14377 |
Independent Portfolio Consultants, Inc. | 11560 |
Global X Management CO LLC | 8101 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
ZELL SAMUEL | 11.46% (3753262) | AXE / BXMT / CVA / CWH / ELS / EQR / |
SAMSTOCK SIT LLC | 11.13% (3647147) | AXE / |
CHAI TRUST CO LLC | 5.49% (1797147) | AXE / |
Eck Robert J. President & CEO | 0.69% (224481) | AXE / R / |
SLOAN STUART M | 0.31% (100476) | AXE / PCO / |
GRUBBS ROBERT W | 0.30% (98469) | AXE / SNDR / |
Dosch Ted A Executive VP-Finance & CFO | 0.28% (93159) | AXE / UGI / |
Standish William Executive VP - Operations | 0.28% (90797) | AXE / |
Galvin William Executive VP - ECS | 0.25% (80570) | AXE / |
KLEIN MELVYN N | 0.21% (69651) | AXE / |
BLYTH LORD JAMES | 0.20% (66284) | AXE / |
HANDY F PHILIP | 0.18% (60576) | AXE / IRG / OC / WCIC / |
ZELL MATTHEW | 0.15% (47968) | AXE / PENX / |
MUNOZ GEORGE | 0.14% (44340) | AXE / LAUR / MAR / MO / |
Choi Justin C EVP-General Counsel, Secretary | 0.12% (39384) | AXE / PULS / |
BYNOE LINDA | 0.12% (37681) | AXE / EQR / NTRS / |
Smith Rodney Arthur VP - Human Resources | 0.11% (37351) | AXE / |
Graham Robert W EVP - Global Wire & Cable | 0.10% (32267) | AXE / |
FABER TERRANCE VP-Controller | 0.08% (26377) | AXE / |
BRACE FREDERIC F | 0.07% (24208) | AXE / MPO / |
SHOEMAKER RODNEY A VP-Treasurer | 0.07% (21612) | AXE / |
Clarke Ian Executive VP-Fasteners | 0.06% (19579) | AXE / |
Geary William Clayton EVP-NSS | 0.05% (16217) | AXE / |
MENO PHILIP F Vice President-Taxes | 0.04% (14587) | AXE / |
Ramsbottom Scott EVP-Chief Information Officer | 0.04% (14586) | AXE / |
Berardesca Giulio Executive VP - Wire & Cable | 0.04% (13128) | AXE / |
Tisera John M EVP-Power Solutions Utility | 0.04% (12882) | AXE / BXC / |
Peppet Scott R | 0.03% (9915) | AXE / |
Sheppard Valarie L | 0.02% (8112) | AXE / PG / |
McGee Orlando EVP-Operations | 0.01% (4338) | AXE / |
Shashaguay Katie Vice President-Internal Audit | 0.01% (4040) | AXE / |
Mocciaro Ilaria SVP-Controller, CAO | 0.01% (3818) | AXE / |