American Axle & Manufact. Holdings, Inc. (AXL) VP Acquires $12,710.00 in Stock

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American Axle & Manufact. Holdings, Inc. (NYSE:AXL) VP Terri M. Kemp bought 1,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were purchased at an average price of $12.71 per share, with a total value of $12,710.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

American Axle & Manufact. stock opened at $11.91 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 3.18, a P/E/G ratio of 0.45 and a beta of 1.53. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. American Axle & Manufact. Holdings, Inc. has a one year low of $11.26 and a one year high of $19.63.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.27). American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that American Axle & Manufact. Holdings, Inc. will post 3.57 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in AXL. Advisors Preferred LLC raised its position in shares of American Axle & Manufact. by 465.8% in the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock valued at $167,000 after purchasing an additional 8,840 shares in the last quarter. Brave Asset Management Inc. acquired a new position in shares of American Axle & Manufact. in the 2nd quarter valued at approximately $170,000. Engineers Gate Manager LP acquired a new position in shares of American Axle & Manufact. in the 2nd quarter valued at approximately $190,000. Hartford Investment Management Co. acquired a new position in shares of American Axle & Manufact. in the 2nd quarter valued at approximately $193,000. Finally, Meeder Asset Management Inc. raised its position in shares of American Axle & Manufact. by 215.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock valued at $240,000 after purchasing an additional 9,426 shares in the last quarter. 98.64% of the stock is currently owned by institutional investors.

AXL has been the topic of several recent research reports. ValuEngine lowered American Axle & Manufact. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Wolfe Research initiated coverage on American Axle & Manufact. in a research report on Tuesday, October 2nd. They set an “outperform” rating on the stock. Zacks Investment Research raised American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Monday, October 8th. TheStreet raised American Axle & Manufact. from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Finally, Citigroup reduced their price target on 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. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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