ValuEngine upgraded shares of Anixter International (NYSE:AXE) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
Several other research firms have also recently commented on AXE. Zacks Investment Research upgraded shares of Anixter International from a hold rating to a strong-buy rating and set a $96.00 price target on the stock in a report on Thursday, February 1st. Wells Fargo & Co restated a market perform rating and set a $90.00 price target (up from $78.00) on shares of Anixter International in a report on Wednesday, January 31st. Finally, TheStreet upgraded shares of Anixter International from a c+ rating to a b- rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $90.00.
Shares of Anixter International (NYSE:AXE) opened at $77.75 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10. Anixter International has a one year low of $62.40 and a one year high of $88.85. The stock has a market cap of $2,588.53, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.23 and a beta of 2.07.
In other news, CEO Robert J. Eck sold 12,200 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $76.04, for a total transaction of $927,688.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 31,174 shares of company stock worth $2,390,822. 14.70% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of AXE. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Anixter International by 50.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the technology company’s stock valued at $145,000 after acquiring an additional 640 shares in the last quarter. Global X Management Co. LLC boosted its holdings in Anixter International by 75.3% in the fourth quarter. Global X Management Co. LLC now owns 2,305 shares of the technology company’s stock worth $175,000 after purchasing an additional 990 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Anixter International in the third quarter worth $209,000. Xact Kapitalforvaltning AB bought a new stake in Anixter International in the fourth quarter worth $217,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Anixter International by 231.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the technology company’s stock worth $230,000 after purchasing an additional 2,115 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.
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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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