Shares of Anixter International Inc. (NYSE:AXE) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $86.00.

AXE has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $86.00 price objective on shares of Anixter International in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st.

Anixter International (NYSE:AXE) traded up $0.15 during mid-day trading on Friday, hitting $70.10. 178,500 shares of the stock were exchanged, compared to its average volume of 151,089. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17. Anixter International has a one year low of $62.40 and a one year high of $88.60. The company has a market capitalization of $2,357.35, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.38 and a beta of 2.03.

Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $1.38 earnings per share. Anixter International’s revenue was up 3.1% compared to the same quarter last year. analysts anticipate that Anixter International will post 5.13 EPS for the current fiscal year.

In related news, CEO Robert J. Eck sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $86.23, for a total value of $224,198.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP William Standish sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $76.95, for a total transaction of $76,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 14,000 shares of company stock valued at $2,495 and sold 30,958 shares valued at $2,528,028. 14.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock valued at $106,000 after purchasing an additional 712 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Anixter International in the second quarter valued at approximately $158,000. Riverhead Capital Management LLC raised its stake in Anixter International by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock valued at $167,000 after purchasing an additional 931 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Anixter International in the third quarter valued at approximately $209,000. Finally, Flinton Capital Management LLC raised its stake in Anixter International by 64.0% in the second quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,088 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

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Anixter International Company Profile

Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).

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