John Rogers (Trades, Portfolio), founder of Ariel Investment LLC, raised his stake in Anixter International Inc. (AXE, Financial), a Glenview, Ill.-based distributor of communications and security products, electrical and electronic wire and cable and fasteners, by 10.53% on Sept. 30.
Rogers bought 297,881 shares for an average price of $57.78 per share. The purchase increased his position to 3,126,186 shares and had a 0.19% impact on his portfolio. Late Friday, the stock sold for $63.63 per share.
Anixter International has a market cap of $2.09 billion and an enterprise value of $2.83 billion. It has a P/E of 11.5, a forward P/E of 11.9, a P/B of 1.8 and a P/S of 0.3. GuruFocus has given Anixter International a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Rogers is Anixter International’s leading shareholder among the gurus. Chuck Royce (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Martin Whitman (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), James Barrow (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and David Dreman (Trades, Portfolio) also have shares of Anixter International in their portfolios.
Anixter International completed the $825 million purchase of the Power Solutions segment of Atlanta-based HD Supply (HDS) on Oct. 5. The deal, the largest in Anixter’s history, is subject to post-closing working capital and other adjustments.
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