American Axle & Manufacturing Holdings Inc. (NYSE:AXL) CEO David C. Dauch acquired 50,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were purchased at an average price of $14.47 per share, for a total transaction of $723,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) opened at 15.71 on Friday. The company’s 50 day moving average is $16.54 and its 200-day moving average is $16.41. American Axle & Manufacturing Holdings Inc. has a 1-year low of $11.44 and a 1-year high of $22.98. The stock has a market capitalization of $1.20 billion, a PE ratio of 4.79 and a beta of 1.54.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. American Axle & Manufacturing Holdings had a net margin of 6.48% and a return on equity of 61.64%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.14 earnings per share for the current fiscal year.

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

Several analysts have recently commented on AXL shares. Barclays PLC raised their price objective on shares of American Axle & Manufacturing Holdings from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 2nd. Buckingham Research downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, November 3rd. RBC Capital Markets downgraded shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Royal Bank Of Canada downgraded shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Monday, August 1st. Finally, FBR & Co downgraded shares of American Axle & Manufacturing Holdings from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $16.00 to $12.00 in a report on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.38.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of American Axle & Manufacturing Holdings by 17.9% in the first quarter. BlackRock Inc. now owns 31,548 shares of the company’s stock worth $486,000 after buying an additional 4,795 shares during the period. BlackRock Group LTD boosted its position in American Axle & Manufacturing Holdings by 31.9% in the first quarter. BlackRock Group LTD now owns 118,832 shares of the company’s stock worth $1,828,000 after buying an additional 28,764 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in American Axle & Manufacturing Holdings by 8.4% in the first quarter. Envestnet Asset Management Inc. now owns 56,690 shares of the company’s stock worth $872,000 after buying an additional 4,386 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in American Axle & Manufacturing Holdings by 228.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 262,188 shares of the company’s stock worth $4,035,000 after buying an additional 182,410 shares in the last quarter. Finally, A.R.T. Advisors LLC boosted its position in American Axle & Manufacturing Holdings by 42.2% in the first quarter. A.R.T. Advisors LLC now owns 103,031 shares of the company’s stock worth $1,585,000 after buying an additional 30,600 shares in the last quarter. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

About American Axle & Manufacturing Holdings

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.

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