American Axle & Manufacturing Holdings Inc. (NYSE:AXL) Director Samuel Valenti III purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $13.44 per share, with a total value of $134,400.00. Following the completion of the purchase, the director now owns 17,220 shares of the company’s stock, valued at approximately $231,436.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) opened at 14.49 on Tuesday. The company’s 50-day moving average price is $16.68 and its 200 day moving average price is $16.42. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.42 and a beta of 1.54. American Axle & Manufacturing Holdings Inc. has a 12-month low of $11.44 and a 12-month high of $22.98.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. American Axle & Manufacturing Holdings had a return on equity of 61.64% and a net margin of 6.48%. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.78 EPS. American Axle & Manufacturing Holdings’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.14 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

A number of research firms have commented on AXL. Barclays PLC increased their price target on American Axle & Manufacturing Holdings from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 2nd. RBC Capital Markets cut American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $16.00 to $17.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Royal Bank Of Canada cut American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $16.00 to $17.00 in a research note on Monday, August 1st. Buckingham Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, November 3rd. Finally, FBR & Co cut American Axle & Manufacturing Holdings from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $16.00 to $12.00 in a research note on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. American Axle & Manufacturing Holdings has an average rating of “Hold” and an average target price of $16.38.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in American Axle & Manufacturing Holdings by 725.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,927 shares of the company’s stock valued at $129,000 after buying an additional 7,845 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in American Axle & Manufacturing Holdings during the third quarter valued at about $139,000. PineBridge Investments L.P. acquired a new position in American Axle & Manufacturing Holdings during the second quarter valued at about $140,000. Sei Investments Co. boosted its position in American Axle & Manufacturing Holdings by 1,152.1% in the third quarter. Sei Investments Co. now owns 8,389 shares of the company’s stock valued at $144,000 after buying an additional 7,719 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in American Axle & Manufacturing Holdings by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 10,133 shares of the company’s stock valued at $147,000 after buying an additional 1,760 shares in the last quarter. 96.86% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

5 Day Chart for NYSE:AXL

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