Anixter International (NYSE:AXE) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on AXE. ValuEngine raised Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Anixter International has an average rating of “Hold” and a consensus price target of $86.00.

Shares of Anixter International (NYSE AXE) opened at $78.50 on Wednesday. Anixter International has a fifty-two week low of $62.40 and a fifty-two week high of $88.60. The company has a market capitalization of $2,611.85, a price-to-earnings ratio of 18.30, a PEG ratio of 1.37 and a beta of 2.03. The company has a current ratio of 2.07, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.

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

In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.20, for a total value of $86,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,532 shares of company stock valued at $1,262,866. Company insiders own 14.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of AXE. Advisor Group Inc. increased its position in Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after purchasing an additional 712 shares during the last quarter. SG Americas Securities LLC acquired a new position in Anixter International in the 2nd quarter worth about $158,000. Riverhead Capital Management LLC increased its position in Anixter International by 77.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after purchasing an additional 931 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Anixter International in the 3rd quarter worth about $209,000. Finally, Flinton Capital Management LLC increased its position in Anixter International by 64.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,088 shares during the last quarter. 87.90% of the stock is currently owned by institutional investors.

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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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