American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Director George Thanopoulos sold 150,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $17.64, for a total value of $2,646,000.00. Following the sale, the director now owns 399,013 shares of the company’s stock, valued at $7,038,589.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

George Thanopoulos also recently made the following trade(s):

  • On Friday, December 1st, George Thanopoulos sold 354,931 shares of American Axle & Manufact. stock. The stock was sold at an average price of $17.58, for a total value of $6,239,686.98.
  • On Monday, September 11th, George Thanopoulos sold 125,000 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00.
  • On Tuesday, September 12th, George Thanopoulos sold 123,901 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15.

Shares of American Axle & Manufact. Holdings, Inc. (NYSE AXL) traded down $0.33 on Tuesday, hitting $17.12. The company had a trading volume of 1,497,016 shares, compared to its average volume of 1,784,253. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $1,955.37, a P/E ratio of 4.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.35. American Axle & Manufact. Holdings, Inc. has a one year low of $13.38 and a one year high of $21.25.

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business 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 anticipate that American Axle & Manufact. Holdings, Inc. will post 3.63 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in AXL. Dimensional Fund Advisors LP grew its position in shares of American Axle & Manufact. by 41.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,654,109 shares of the auto parts company’s stock valued at $88,203,000 after purchasing an additional 1,649,847 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 valued at $87,964,000 after buying an additional 1,243,914 shares during the period. Russell Investments Group Ltd. lifted its stake in American Axle & Manufact. by 397.8% during the second quarter. Russell Investments Group Ltd. now owns 777,960 shares of the auto parts company’s stock worth $12,134,000 after purchasing an additional 621,680 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in American Axle & Manufact. during the third quarter worth about $10,254,000. Finally, OxFORD Asset Management LLP bought a new stake in American Axle & Manufact. during the third quarter worth about $7,704,000.

A number of equities analysts have issued reports on AXL shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a report on Friday, November 3rd. ValuEngine raised American Axle & Manufact. from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research cut American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. KeyCorp reissued a “hold” rating on shares of American Axle & Manufact. in a research note on Sunday, September 17th. Finally, B. Riley reissued a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. American Axle & Manufact. presently has a consensus rating of “Hold” and a consensus price target of $20.10.

TRADEMARK VIOLATION NOTICE: “George Thanopoulos Sells 150,000 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/05/george-thanopoulos-sells-150000-shares-of-american-axle-manufact-holdings-inc-axl-stock.html.

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.

Receive News & Ratings for American Axle & Manufact. Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.