Shares of Anixter International Inc. (NYSE:AXE) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research 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. The average 12 month price objective among brokers that have covered the stock in the last year is $88.00.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Wells Fargo & Co restated a “market perform” rating and issued a $90.00 price objective (up from $78.00) on shares of Anixter International in a report on Wednesday. TheStreet upgraded shares of Anixter International from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Anixter International from a “hold” rating to a “buy” rating in a report on Friday, December 29th.
In other Anixter International news, VP William Standish sold 1,758 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Eck sold 7,800 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total transaction of $624,936.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,732 shares of company stock worth $1,577,404. 14.70% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Anixter International by 4.5% during the second quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock worth $230,666,000 after acquiring an additional 126,313 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Anixter International by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock valued at $117,275,000 after acquiring an additional 63,922 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Anixter International by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 979,820 shares of the technology company’s stock valued at $83,284,000 after acquiring an additional 106,813 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Anixter International by 14.2% in the 4th quarter. Jennison Associates LLC now owns 770,566 shares of the technology company’s stock valued at $58,563,000 after acquiring an additional 95,781 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Anixter International by 2.8% in the 2nd quarter. State Street Corp now owns 743,423 shares of the technology company’s stock valued at $58,132,000 after acquiring an additional 20,422 shares during the last quarter. Institutional investors own 87.70% of the company’s stock.
Shares of Anixter International (NYSE AXE) traded up $0.90 during midday trading on Friday, hitting $84.60. The stock had a trading volume of 73,644 shares, compared to its average volume of 216,792. The stock has a market capitalization of $2,780.00, a PE ratio of 26.00, a PEG ratio of 1.49 and a beta of 2.03. Anixter International has a one year low of $62.40 and a one year high of $88.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.17 and a current ratio of 2.10.
Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. analysts predict that Anixter International will post 5.7 EPS for the current fiscal year.
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About Anixter International
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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