Anixter International Inc. (NYSE:AXE) traded up 5.1% during trading on Friday . The company traded as high as $60.52 and last traded at $60.28, with a volume of 191,828 shares changing hands. The stock had previously closed at $57.38.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Anixter International from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Imperial Capital raised their price objective on Anixter International from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $75.00.

The stock’s 50-day moving average is $57.02 and its 200 day moving average is $53.06. The company has a market cap of $1.99 billion and a P/E ratio of 25.06.

Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, July 26th. The company reported $1.32 EPS for the quarter, meeting the consensus estimate of $1.32. During the same quarter in the prior year, the business posted $1.15 earnings per share. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities analysts forecast that Anixter International Inc. will post $4.80 EPS for the current year.

A number of hedge funds have modified their holdings of the stock. Jennison Associates LLC increased its stake in shares of Anixter International by 9.5% in the fourth quarter. Jennison Associates LLC now owns 570,112 shares of the company’s stock valued at $34,429,000 after buying an additional 49,626 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Anixter International by 33.0% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 543,341 shares of the company’s stock valued at $32,812,000 after buying an additional 134,722 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Anixter International by 5.5% in the fourth quarter. Principal Financial Group Inc. now owns 192,422 shares of the company’s stock valued at $11,620,000 after buying an additional 10,042 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Anixter International by 9.2% in the fourth quarter. Wells Fargo & Company MN now owns 156,362 shares of the company’s stock valued at $9,442,000 after buying an additional 13,235 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Anixter International by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 130,765 shares of the company’s stock valued at $7,897,000 after buying an additional 1,219 shares in the last quarter.

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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