TheStreet upgraded shares of Anixter International (NYSE:AXE) from a c+ rating to a b- rating in a report released on Wednesday morning.

AXE has been the subject of several other reports. Zacks Investment Research cut shares of Anixter International from a hold rating to a sell rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of Anixter International from a hold rating to a buy rating in a research note on Friday, December 29th. One 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 currently has a consensus rating of Hold and an average target price of $86.00.

Shares of Anixter International (NYSE:AXE) traded up $1.70 during midday trading on Wednesday, reaching $78.50. 332,408 shares of the company’s stock traded hands, compared to its average volume of 189,144. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.07. Anixter International has a twelve month low of $62.40 and a twelve month high of $88.60. The firm has a market cap of $2,590.00, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.33 and a beta of 2.03.

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

In related news, CEO Robert J. Eck sold 2,600 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $86.23, for a total value of $224,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Standish sold 1,758 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,532 shares of company stock valued at $1,262,866. Company insiders own 14.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in shares of Anixter International by 110.9% in the 2nd quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock valued at $106,000 after purchasing an additional 712 shares during the period. SG Americas Securities LLC acquired a new position in Anixter International during the second quarter worth $158,000. Riverhead Capital Management LLC raised its position in Anixter International by 77.6% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after acquiring an additional 931 shares during the period. Teacher Retirement System of Texas acquired a new position in Anixter International during the third quarter worth $209,000. Finally, Flinton Capital Management LLC raised its position in Anixter International by 64.0% during the second quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,088 shares during the period. Hedge funds and other institutional investors 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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