Anixter International (AXE) Stock Rating Upgraded by TheStreet
Anixter International (NYSE:AXE) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Wednesday.
Other equities research analysts have also issued reports about the company. ValuEngine upgraded Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.00.
Anixter International (AXE) opened at $76.80 on Wednesday. The company has a market capitalization of $2,560.00, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.33 and a beta of 2.03. Anixter International has a 12 month low of $62.40 and a 12 month high of $88.60. 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 (NYSE:AXE) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.21). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 earnings per share. equities analysts predict that Anixter International will post 5.13 EPS for the current fiscal year.
In other news, CEO Robert J. Eck sold 11,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $75.00, for a total value of $825,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Standish sold 1,000 shares of the stock in a transaction dated Monday, October 16th. The shares were 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. In the last quarter, insiders sold 16,532 shares of company stock valued at $1,262,866. Insiders own 14.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its stake in shares of Anixter International by 1.3% in the second quarter. Amalgamated Bank now owns 3,973 shares of the technology company’s stock valued at $311,000 after buying an additional 51 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of Anixter International by 1.5% in the second quarter. OxFORD Asset Management LLP now owns 4,604 shares of the technology company’s stock valued at $360,000 after buying an additional 68 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Anixter International by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 24,432 shares of the technology company’s stock valued at $1,911,000 after buying an additional 203 shares in the last quarter. Aperio Group LLC grew its stake in shares of Anixter International by 9.8% in the third quarter. Aperio Group LLC now owns 7,602 shares of the technology company’s stock valued at $646,000 after buying an additional 679 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of 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 buying an additional 712 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.
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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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