David Eugene Barnes Acquires 1,000 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) VP David Eugene Barnes purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $11.76 per share, with a total value of $11,760.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of AXL traded up $0.15 during trading hours on Wednesday, reaching $12.50. 44,370 shares of the company’s stock traded hands, compared to its average volume of 2,663,408. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.36, a price-to-earnings-growth ratio of 0.36 and a beta of 1.53. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63. American Axle & Manufact. Holdings, Inc. has a twelve month low of $11.26 and a twelve month high of $19.63.

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.27). American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the business earned $0.86 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.92 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Citigroup decreased their target price on shares of American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, October 12th. Zacks Investment Research upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, October 8th. Barclays set a $15.00 price objective on shares of American Axle & Manufact. and gave the stock a “buy” rating in a research report on Monday. Finally, ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. American Axle & Manufact. has an average rating of “Hold” and an average target price of $17.10.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hennessy Advisors Inc. purchased a new stake in shares of American Axle & Manufact. during the 3rd quarter worth about $28,045,000. BlackRock Inc. grew its holdings in shares of American Axle & Manufact. by 10.1% during the 2nd quarter. BlackRock Inc. now owns 14,468,400 shares of the auto parts company’s stock worth $225,129,000 after purchasing an additional 1,327,564 shares in the last quarter. KBC Group NV acquired a new stake in shares of American Axle & Manufact. during the 2nd quarter worth approximately $8,935,000. City Financial Investment Co Ltd acquired a new stake in shares of American Axle & Manufact. during the 2nd quarter worth approximately $8,628,000. Finally, Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of American Axle & Manufact. during the 3rd quarter worth approximately $9,172,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

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American Axle & Manufact. 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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