Anixter International Inc. (NYSE:AXE) SVP Rodney A. Shoemaker sold 485 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $77.85, for a total transaction of $37,757.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Anixter International Inc. (NYSE:AXE) opened at 79.65 on Friday. The company has a 50-day moving average of $66.96 and a 200-day moving average of $61.46. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 30.09 and a beta of 1.92. Anixter International Inc. has a 12 month low of $37.60 and a 12 month high of $79.70.

Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.02. Anixter International had a return on equity of 12.19% and a net margin of 1.17%. The company earned $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Anixter International’s revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts predict that Anixter International Inc. will post $4.77 EPS for the current year.

Insider Buying and Selling by Quarter for Anixter International (NYSE:AXE)

AXE has been the subject of several recent research reports. TheStreet upgraded shares of Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Zacks Investment Research upgraded shares of Anixter International from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, July 28th. Finally, Imperial Capital upgraded shares of Anixter International from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $64.00 to $72.00 in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $76.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Anixter International by 206.7% in the second quarter. Alliancebernstein L.P. now owns 1,542,903 shares of the company’s stock valued at $82,206,000 after buying an additional 1,039,835 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Anixter International by 44.1% in the third quarter. TIAA CREF Investment Management LLC now owns 1,001,131 shares of the company’s stock valued at $64,573,000 after buying an additional 306,352 shares during the period. Pzena Investment Management LLC boosted its position in shares of Anixter International by 81.1% in the second quarter. Pzena Investment Management LLC now owns 618,924 shares of the company’s stock valued at $32,976,000 after buying an additional 277,240 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Anixter International during the second quarter valued at approximately $9,735,000. Finally, BlackRock Fund Advisors boosted its position in shares of Anixter International by 8.2% in the third quarter. BlackRock Fund Advisors now owns 2,051,346 shares of the company’s stock valued at $132,312,000 after buying an additional 154,775 shares during the period. 85.33% of the stock is owned by hedge funds and other institutional investors.

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

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