Insider Buying: American Axle & Manufact. Holdings, Inc. (AXL) Director Purchases 4,000 Shares of Stock
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Director Elizabeth Anne Chappell acquired 4,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was bought at an average price of $12.47 per share, with a total value of $49,880.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
AXL stock traded down $0.08 during midday trading on Tuesday, reaching $11.58. 2,583,800 shares of the company’s stock traded hands, compared to its average volume of 2,169,699. The firm 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. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. 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 quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.27). The business 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 business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm 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 analysts have recently weighed in on the stock. ValuEngine lowered shares of American Axle & Manufact. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wolfe Research assumed coverage on shares of American Axle & Manufact. in a research note on Tuesday, October 2nd. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, October 8th. TheStreet upgraded shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, Citigroup lowered their price objective on shares of American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.10.
ILLEGAL ACTIVITY NOTICE: “Insider Buying: American Axle & Manufact. Holdings, Inc. (AXL) Director Purchases 4,000 Shares of Stock” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/11/13/insider-buying-american-axle-manufact-holdings-inc-axl-director-purchases-4000-shares-of-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.
Further Reading: Hedge Funds
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.