American Axle & Manufact. Target of Unusually High Options Trading (AXL)

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) saw unusually large options trading activity on Friday. Investors purchased 1,154 put options on the stock. This is an increase of approximately 608% compared to the typical daily volume of 163 put options.

American Axle & Manufact. (NYSE AXL) opened at $17.57 on Monday. American Axle & Manufact. has a fifty-two week low of $13.38 and a fifty-two week high of $21.25. The company has a market cap of $1,955.37, a PE ratio of 4.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.35. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90.

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 71.2% on a year-over-year basis. sell-side analysts predict that American Axle & Manufact. will post 3.63 EPS for the current year.

In other news, major shareholder American Securities Llc sold 15,000,000 shares of American Axle & Manufact. stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Thanopoulos sold 125,000 shares of American Axle & Manufact. stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the completion of the transaction, the director now directly owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The disclosure for this sale can be found here. Insiders sold a total of 15,248,901 shares of company stock worth $264,305,850 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of American Axle & Manufact. by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock worth $168,853,000 after buying an additional 133,030 shares during the period. BlackRock Inc. boosted its holdings in shares of American Axle & Manufact. by 4.2% in the second quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock worth $157,338,000 after buying an additional 407,526 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of American Axle & Manufact. by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock worth $124,142,000 after buying an additional 1,407,426 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of American Axle & Manufact. by 33.1% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,003,677 shares of the auto parts company’s stock worth $87,964,000 after purchasing an additional 1,243,914 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of American Axle & Manufact. by 1.9% during the second quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock worth $49,778,000 after purchasing an additional 58,360 shares during the period.

Several brokerages have recently issued reports on AXL. B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Bank of America lifted their price objective on shares of American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $23.00 price objective on shares of American Axle & Manufact. in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.56.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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