American Axle & Manufact. Holdings, Inc. (AXL) President Michael K. Simonte Acquires 15,000 Shares
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.
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.
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.
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