Shares of Anixter International Inc. (NYSE:AXE) have received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $86.00.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Anixter International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub downgraded Anixter International from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Robert W. Baird reissued a “hold” rating and set a $86.00 target price on shares of Anixter International in a research report on Friday, September 1st.
Anixter International (NYSE AXE) traded down $0.45 during mid-day trading on Monday, reaching $64.00. The company had a trading volume of 116,292 shares, compared to its average volume of 192,183. Anixter International has a fifty-two week low of $62.40 and a fifty-two week high of $88.60. The firm has a market capitalization of $2,110.00, a P/E ratio of 12.59, a PEG ratio of 1.24 and a beta of 2.02. The company has a current ratio of 2.07, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business earned $1.38 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. research analysts predict that Anixter International will post 5.13 EPS for the current fiscal year.
In other Anixter International news, VP William Standish sold 1,000 shares of Anixter International stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $76.95, for a total transaction of $76,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert J. Eck sold 13,600 shares of Anixter International stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.00, for a total value of $1,088,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 24,000 shares of company stock worth $4,195 and have sold 29,200 shares worth $2,413,758. 14.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 valued at $230,666,000 after purchasing an additional 126,313 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Anixter International by 5.9% during the second quarter. Alliancebernstein L.P. now owns 1,456,881 shares of the technology company’s stock valued at $113,928,000 after purchasing an additional 81,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Anixter International by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock valued at $117,275,000 after purchasing an additional 63,922 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Anixter International by 12.2% in the third 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. Finally, State Street Corp raised its stake in shares of Anixter International by 2.8% in the second 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. 84.62% of the stock is currently owned by institutional investors.
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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 operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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