Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Anixter International from a hold rating to a sell rating in a research note on Thursday, October 26th. ValuEngine upgraded Anixter International from a hold rating to a buy rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Anixter International has a consensus rating of Hold and a consensus target price of $86.00.
Anixter International (NYSE AXE) opened at $79.95 on Wednesday. Anixter International has a 12 month low of $62.40 and a 12 month high of $88.60. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,660.00, a P/E ratio of 18.68, a PEG ratio of 1.36 and a beta of 2.03.
Anixter International (NYSE:AXE) last posted 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 firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company posted $1.38 EPS. Anixter International’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts forecast that Anixter International will post 5.13 earnings per share for the current fiscal year.
In other Anixter International news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert J. Eck sold 7,800 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $80.12, for a total transaction of $624,936.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,732 shares of company stock worth $1,577,404 in the last three months. Insiders own 14.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Anixter International by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,949,688 shares of the technology company’s stock valued at $230,666,000 after acquiring an additional 126,313 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Anixter International by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock worth $117,275,000 after purchasing an additional 63,922 shares during the period. Victory Capital Management Inc. increased its holdings 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 worth $83,284,000 after purchasing an additional 106,813 shares during the period. State Street Corp increased its holdings 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 worth $58,132,000 after purchasing an additional 20,422 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Anixter International by 1.1% in the second quarter. Goldman Sachs Group Inc. now owns 734,743 shares of the technology company’s stock worth $57,457,000 after purchasing an additional 8,152 shares during the period. 87.90% of the stock is currently owned by institutional investors and hedge funds.
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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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