Grandeur Peak Global Advisors LLC Takes Position in Arxis, Inc. $ARXS

Key Points

• Grandeur Peak Global Advisors acquired 59,384 Arxis shares worth approximately $2.74 million during the second quarter, while IMC Chicago also established a new $1.15 million position.
• Arxis reported quarterly earnings of $0.28 per share, beating estimates by $0.35, while revenue rose 25% year over year to $500.73 million.
• Analysts maintain a “Moderate Buy” consensus, with 10 Buy, two Hold and one Sell rating; the average price target is $53.73 compared with the stock’s reported $52.47 opening price.

Grandeur Peak Global Advisors LLC acquired a new position in Arxis, Inc. (NASDAQ:ARXS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 59,384 shares of the company's stock, valued at approximately $2,740,000.

Separately, IMC Chicago LLC bought a new stake in Arxis during the 2nd quarter valued at $1,146,000.

Arxis Price Performance

Arxis stock opened at $52.47 on Monday. The stock has a market capitalization of $21.90 billion and a PE ratio of 655.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.79 and a current ratio of 5.21. The business's 50-day simple moving average is $48.89. Arxis, Inc. has a 52 week low of $33.15 and a 52 week high of $61.50.

Arxis (NASDAQ:ARXS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.35. The business had revenue of $500.73 million during the quarter. The business's revenue was up 25.0% on a year-over-year basis. On average, research analysts anticipate that Arxis, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup lifted their price target on Arxis from $61.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Royal Bank Of Canada raised their target price on Arxis from $46.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Friday, July 31st. Morgan Stanley reaffirmed an "overweight" rating and set a $62.00 target price on shares of Arxis in a report on Monday, August 3rd. Robert W. Baird began coverage on Arxis in a research report on Monday, May 11th. They set an "outperform" rating and a $55.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Arxis in a report on Monday, May 11th. They issued a "buy" rating and a $53.00 price target on the stock. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.73.

About Arxis

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers' most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.

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