Christopher John May Buys 5,000 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock

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American Axle & Manufact. Holdings, Inc. (NYSE:AXL) CFO Christopher John May acquired 5,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were bought at an average cost of $12.36 per share, with a total value of $61,800.00. Following the acquisition, the chief financial officer now directly owns 72,885 shares in the company, valued at $900,858.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AXL traded up $0.57 during midday trading on Wednesday, hitting $12.92. 3,982,500 shares of the company traded hands, compared to its average volume of 2,160,726. American Axle & Manufact. Holdings, Inc. has a 52 week low of $11.26 and a 52 week high of $19.63. The company has a market capitalization of $1.28 billion, a PE ratio of 3.45, a price-to-earnings-growth ratio of 0.36 and a beta of 1.53. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 2.11.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the Zacks’ 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business posted $0.86 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that American Axle & Manufact. Holdings, Inc. will post 3.92 earnings per share for the current year.

Several large investors have recently made changes to their positions in AXL. Hennessy Advisors Inc. bought a new position in shares of American Axle & Manufact. in the 3rd quarter valued at about $28,045,000. BlackRock Inc. lifted its holdings in shares of American Axle & Manufact. by 10.1% in the 2nd quarter. BlackRock Inc. now owns 14,468,400 shares of the auto parts company’s stock valued at $225,129,000 after acquiring an additional 1,327,564 shares during the last quarter. KBC Group NV bought a new position in shares of American Axle & Manufact. in the 2nd quarter valued at about $8,935,000. City Financial Investment Co Ltd bought a new position in shares of American Axle & Manufact. in the 2nd quarter valued at about $8,628,000. Finally, Smith Graham & Co. Investment Advisors LP bought a new position in shares of American Axle & Manufact. in the 3rd quarter valued at about $9,172,000. 98.64% of the stock is owned by hedge funds and other institutional investors.

AXL has been the subject of several research reports. Wolfe Research initiated coverage on shares of American Axle & Manufact. in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. ValuEngine raised shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Zacks Investment Research downgraded shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Bank of America raised shares of American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price objective for the company in a report on Monday. They noted that the move was a valuation call. Two equities research 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. The stock presently has a consensus rating of “Hold” and an average target price of $17.10.

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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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