Grandeur Peak Global Advisors LLC Invests $2.74 Million in Arxis, Inc. $ARXS

Grandeur Peak Global Advisors LLC bought a new stake in Arxis, Inc. (NASDAQ:ARXS) during the second quarter, HoldingsChannel reports. The fund bought 59,384 shares of the company’s stock, valued at approximately $2,740,000.

Separately, IMC Chicago LLC purchased a new position in shares of Arxis in the 2nd quarter worth about $1,146,000.

Arxis Price Performance

Shares of ARXS stock opened at $52.47 on Monday. The firm’s 50-day moving average is $48.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.21 and a quick ratio of 3.79. Arxis, Inc. has a 1-year low of $33.15 and a 1-year high of $61.50. The stock has a market cap of $21.90 billion and a PE ratio of 655.88.

Arxis (NASDAQ:ARXS) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.35. The company had revenue of $500.73 million during the quarter. The business’s revenue was up 25.0% compared to the same quarter last year. Analysts anticipate that Arxis, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Wells Fargo & Company upped their target price on Arxis from $52.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group began coverage on shares of Arxis in a research note on Monday, May 11th. They set a “buy” rating and a $53.00 price target on the stock. Robert W. Baird started coverage on shares of Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $55.00 price objective for the company. Finally, UBS Group set a $53.00 price objective on shares of Arxis in a research note on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Arxis currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.73.

Arxis Profile

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.