American Axle (NYSE:AXL) Director George Thanopoulos sold 116,901 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $15.79, for a total value of $1,845,866.79. Following the completion of the transaction, the director now owns 181,812 shares of the company’s stock, valued at approximately $2,870,811.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
George Thanopoulos also recently made the following trade(s):
- On Thursday, March 15th, George Thanopoulos sold 171,164 shares of American Axle stock. The shares were sold at an average price of $15.52, for a total value of $2,656,465.28.
- On Friday, December 15th, George Thanopoulos sold 100,000 shares of American Axle stock. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00.
AXL stock traded down $0.19 during midday trading on Friday, reaching $15.80. The stock had a trading volume of 2,397,541 shares, compared to its average volume of 2,153,358. The firm has a market capitalization of $1,779.68, a price-to-earnings ratio of 4.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.37. American Axle has a 52-week low of $13.38 and a 52-week high of $20.27. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.60 and a quick ratio of 1.28.
American Axle (NYSE:AXL) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.13. American Axle had a return on equity of 32.04% and a net margin of 5.38%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up 83.2% on a year-over-year basis. equities research analysts expect that American Axle will post 3.57 earnings per share for the current year.
A number of brokerages have issued reports on AXL. Royal Bank of Canada restated a “buy” rating and set a $25.00 price objective on shares of American Axle in a research report on Sunday, January 21st. Citigroup upgraded American Axle from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.34 to $20.00 in a report on Tuesday, March 27th. Zacks Investment Research cut American Axle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Susquehanna Bancshares set a $17.00 price objective on American Axle and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, ValuEngine cut American Axle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. American Axle currently has an average rating of “Hold” and a consensus target price of $19.90.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in American Axle by 22.4% in the 4th quarter. BlackRock Inc. now owns 12,973,513 shares of the auto parts company’s stock worth $220,939,000 after buying an additional 2,372,920 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Axle by 24.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock valued at $124,142,000 after buying an additional 1,407,426 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of American Axle by 33.1% during the 3rd 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. Deutsche Bank AG raised its position in shares of American Axle by 240.9% during the 4th quarter. Deutsche Bank AG now owns 4,679,598 shares of the auto parts company’s stock valued at $79,692,000 after buying an additional 3,307,056 shares during the period. Finally, DnB Asset Management AS raised its position in shares of American Axle by 5.8% during the 4th quarter. DnB Asset Management AS now owns 4,598,339 shares of the auto parts company’s stock valued at $78,310,000 after buying an additional 250,328 shares during the period.
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American Axle Company Profile
American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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