American Axle & Manufact. Holdings, Inc. (NYSE:AXL) insider Gregory Deveson acquired 11,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $12.76 per share, for a total transaction of $149,611.00. Following the completion of the purchase, the insider now directly owns 57,523 shares in the company, valued at approximately $733,993.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE AXL opened at $11.91 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.53. American Axle & Manufact. Holdings, Inc. has a 12 month low of $11.26 and a 12 month high of $19.63.

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

AXL has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on American Axle & Manufact. in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock. ValuEngine downgraded American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. TheStreet raised American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Bank of America raised American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research note on Monday, November 5th. They noted that the move was a valuation call. Two 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. American Axle & Manufact. has an average rating of “Hold” and a consensus target price of $17.10.

A number of hedge funds and other institutional investors have recently modified their holdings of AXL. LPL Financial LLC increased its position in American Axle & Manufact. by 53.5% in the 1st quarter. LPL Financial LLC now owns 20,854 shares of the auto parts company’s stock worth $317,000 after buying an additional 7,270 shares during the period. Royal Bank of Canada increased its position in American Axle & Manufact. by 12,388.5% in the 1st quarter. Royal Bank of Canada now owns 93,164 shares of the auto parts company’s stock worth $1,418,000 after buying an additional 92,418 shares during the period. Xact Kapitalforvaltning AB increased its position in American Axle & Manufact. by 75.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 19,946 shares of the auto parts company’s stock worth $304,000 after buying an additional 8,600 shares during the period. Principal Financial Group Inc. increased its position in American Axle & Manufact. by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 769,615 shares of the auto parts company’s stock worth $11,714,000 after buying an additional 13,053 shares during the period. Finally, Bank of Montreal Can increased its position in American Axle & Manufact. by 2,246.5% in the 2nd quarter. Bank of Montreal Can now owns 226,106 shares of the auto parts company’s stock worth $3,517,000 after buying an additional 216,470 shares during the period. 98.64% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Gregory Deveson Buys 11,725 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/11/10/gregory-deveson-buys-11725-shares-of-american-axle-manufact-holdings-inc-axl-stock.html.

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.

See Also: What are the components of an earnings report?

Insider Buying and Selling by Quarter for American Axle & Manufact. (NYSE:AXL)

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.