TheStreet upgraded shares of Anixter International Inc. (NYSE:AXE) from a hold rating to a buy rating in a report released on Friday morning.

AXE has been the subject of several other reports. Imperial Capital upped their target price on Anixter International from $60.00 to $64.00 and gave the company an outperform rating in a report on Wednesday, July 27th. Zacks Investment Research raised Anixter International from a hold rating to a buy rating and set a $68.00 target price for the company in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $76.25.

Anixter International (NYSE:AXE) opened at 78.35 on Friday. The firm has a market capitalization of $2.59 billion, a PE ratio of 29.60 and a beta of 1.92. Anixter International has a one year low of $37.60 and a one year high of $78.40. The firm has a 50-day moving average price of $63.62 and a 200 day moving average price of $60.53.

Anixter International (NYSE:AXE) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. The firm earned $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. Anixter International had a return on equity of 12.19% and a net margin of 1.17%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Analysts anticipate that Anixter International will post $4.77 EPS for the current fiscal year.

In other Anixter International news, SVP Terrance Faber sold 650 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $66.20, for a total transaction of $43,030.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Galvin sold 4,100 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $266,500.00. The disclosure for this sale can be found here. Company insiders own 14.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of Anixter International by 0.5% in the second quarter. California State Teachers Retirement System now owns 60,924 shares of the company’s stock valued at $3,246,000 after buying an additional 294 shares during the period. First Midwest Bank Trust Division increased its stake in Anixter International by 46.7% in the second quarter. First Midwest Bank Trust Division now owns 10,638 shares of the company’s stock valued at $567,000 after buying an additional 3,387 shares in the last quarter. Bank of Montreal Can bought a new stake in Anixter International during the second quarter valued at about $239,000. Independent Portfolio Consultants Inc. increased its stake in Anixter International by 58.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,985 shares of the company’s stock valued at $639,000 after buying an additional 4,425 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Anixter International by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 24,210 shares of the company’s stock valued at $1,290,000 after buying an additional 100 shares in the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

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 provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries.

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