American Axle (NYSE:AXL) Director George Thanopoulos sold 171,164 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $15.52, for a total value of $2,656,465.28. Following the completion of the transaction, the director now owns 181,812 shares in the company, valued at $2,821,722.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
George Thanopoulos also recently made the following trade(s):
- On Tuesday, March 13th, George Thanopoulos sold 116,901 shares of American Axle stock. The stock was sold at an average price of $15.79, for a total value of $1,845,866.79.
- 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.
NYSE:AXL opened at $15.80 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.28 and a current ratio of 1.60. American Axle has a 12 month low of $13.38 and a 12 month high of $20.27. The firm has a market capitalization of $1,779.68, a P/E ratio of 4.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.37.
American Axle (NYSE:AXL) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.13. American Axle had a net margin of 5.38% and a return on equity of 32.04%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. American Axle’s revenue for the quarter was up 83.2% on a year-over-year basis. analysts predict that American Axle will post 3.57 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in American Axle by 22.4% in the fourth quarter. BlackRock Inc. now owns 12,973,513 shares of the auto parts company’s stock valued at $220,939,000 after acquiring an additional 2,372,920 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Axle by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock valued at $124,142,000 after acquiring an additional 1,407,426 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in American Axle by 33.1% in 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 acquiring an additional 1,243,914 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of American Axle by 240.9% during the fourth quarter. Deutsche Bank AG now owns 4,679,598 shares of the auto parts company’s stock worth $79,692,000 after buying an additional 3,307,056 shares during the period. Finally, DnB Asset Management AS boosted its stake in shares of American Axle by 5.8% during the fourth quarter. DnB Asset Management AS now owns 4,598,339 shares of the auto parts company’s stock worth $78,310,000 after buying an additional 250,328 shares during the period.
AXL has been the topic of a number of research reports. Zacks Investment Research cut American Axle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $25.00 price objective on shares of American Axle in a research report on Sunday, January 21st. ValuEngine lowered American Axle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Guggenheim reaffirmed a “buy” rating and set a $21.00 price objective on shares of American Axle in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $17.00 price objective on American Axle and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.90.
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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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