American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Director George Thanopoulos sold 354,931 shares of American Axle & Manufact. stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.58, for a total transaction of $6,239,686.98. Following the sale, the director now owns 399,013 shares in the company, valued at approximately $7,014,648.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, December 4th, George Thanopoulos sold 150,000 shares of American Axle & Manufact. stock. The shares were sold at an average price of $17.64, for a total transaction of $2,646,000.00.
  • On Monday, September 11th, George Thanopoulos sold 125,000 shares of American Axle & Manufact. stock. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00.
  • On Tuesday, September 12th, George Thanopoulos sold 123,901 shares of American Axle & Manufact. stock. The shares were sold at an average price of $15.15, for a total transaction of $1,877,100.15.

Shares of American Axle & Manufact. Holdings, Inc. (AXL) traded down $0.33 during trading hours on Tuesday, hitting $17.12. 1,497,016 shares of the company were exchanged, compared to its average volume of 1,784,253. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $1,955.37, a price-to-earnings ratio of 4.80, a PEG ratio of 0.60 and a beta of 1.35. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $21.25.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.21. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The business’s revenue was up 71.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in American Axle & Manufact. by 6.2% during the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock valued at $123,000 after purchasing an additional 380 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 503 shares during the last quarter. Victory Capital Management Inc. increased its stake in American Axle & Manufact. by 76.9% during the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after purchasing an additional 4,238 shares during the last quarter. CIBC Asset Management Inc bought a new stake in American Axle & Manufact. during the second quarter valued at $162,000. Finally, Amalgamated Bank increased its stake in American Axle & Manufact. by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 1,900 shares during the last quarter.

AXL has been the topic of a number of analyst reports. ValuEngine lowered shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America lifted their price objective on shares of American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Monday, November 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 price objective on shares of American Axle & Manufact. in a research note on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufact. in a research note on Sunday, September 17th. Finally, Zacks Investment Research lowered shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.10.

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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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