Insider Selling: American Axle & Manufacturing Holdings VP Unloads 19,500 Shares of Stock (AXL)
American Axle & Manufacturing Holdings (NYSE:AXL) VP Allan R. Monich sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $19.32, for a total transaction of $376,740.00. Following the completion of the transaction, the vice president now directly owns 37,868 shares in the company, valued at approximately $731,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AXL. Analysts at Zacks reiterated a “neutral” rating on shares of American Axle & Manufacturing Holdings in a research note on Tuesday. They now have a $20.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of American Axle & Manufacturing Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.90.
Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded down 0.46% on Friday, hitting $19.30. 632,290 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a 52-week low of $11.85 and a 52-week high of $21.48. The stock has a 50-day moving average of $19.57 and a 200-day moving average of $19.45. The company has a market cap of $1.459 billion and a P/E ratio of 15.76.
American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, February 7th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.09. The company had revenue of $831.30 million for the quarter, compared to the consensus estimate of $864.10 million. During the same quarter in the prior year, the company posted $4.21 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing Holdings will post $2.42 earnings per share for the current fiscal year.
American Axle & Manufacturing Holdings, Inc (NYSE:AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.
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