American Axle & Manufact. Holdings, Inc. (NYSE:AXL) President Michael K. Simonte acquired 15,000 shares of American Axle & Manufact. stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $11.88 per share, for a total transaction of $178,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE AXL traded down $0.08 during midday trading on Tuesday, hitting $11.58. 2,583,800 shares of the company traded hands, compared to its average volume of 2,169,699. 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 stock has a market capitalization of $1.33 billion, a PE ratio of 3.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.53. American Axle & Manufact. Holdings, Inc. has a 52 week low of $11.26 and a 52 week high of $19.63.

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

Several research analysts have commented on AXL shares. B. Riley reduced their price objective on American Axle & Manufact. from $12.00 to $10.00 and set a “sell” rating on the stock in a report on Monday, November 5th. TheStreet downgraded American Axle & Manufact. from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Barclays set a $15.00 price objective on American Axle & Manufact. and gave the stock a “buy” rating in a report on Monday, November 5th. Royal Bank of Canada reduced their price objective on American Axle & Manufact. from $25.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Finally, ValuEngine downgraded American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.10.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC boosted its position in American Axle & Manufact. by 465.8% during the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock valued at $167,000 after acquiring an additional 8,840 shares in the last quarter. Brave Asset Management Inc. bought a new stake in American Axle & Manufact. during the 2nd quarter valued at $170,000. Engineers Gate Manager LP bought a new stake in American Axle & Manufact. during the 2nd quarter valued at $190,000. Hartford Investment Management Co. bought a new stake in American Axle & Manufact. during the 2nd quarter valued at $193,000. Finally, Janus Henderson Group PLC bought a new stake in American Axle & Manufact. during the 3rd quarter valued at $240,000. 98.64% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “American Axle & Manufact. Holdings, Inc. (AXL) President Michael K. Simonte Acquires 15,000 Shares” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2018/11/13/american-axle-manufact-holdings-inc-axl-president-michael-k-simonte-acquires-15000-shares.html.

About American Axle & Manufact.

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.

Read More: What is a closed-end mutual fund (CEF)?

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.