American Axle & Manufact. Holdings, Inc. (AXL) Director George Thanopoulos Sells 354,931 Shares

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Director George Thanopoulos sold 354,931 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $17.58, for a total transaction of $6,239,686.98. Following the completion of the transaction, the director now directly owns 399,013 shares in the company, valued at approximately $7,014,648.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

George Thanopoulos also recently made the following trade(s):

  • On Monday, December 4th, George Thanopoulos sold 150,000 shares of American Axle & Manufact. stock. The stock was sold at an average price of $17.64, for a total transaction of $2,646,000.00.
  • On Monday, September 11th, George Thanopoulos sold 125,000 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00.
  • On Tuesday, September 12th, George Thanopoulos sold 123,901 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) traded down $0.33 during mid-day trading on Wednesday, reaching $17.12. 1,497,000 shares of the company’s stock were exchanged, compared to its average volume of 1,784,253. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $21.25. The company has a market capitalization of $1,942.01, a PE ratio of 4.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.35.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 71.2% compared to the same quarter last year. equities research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

AXL has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a report on Friday, November 3rd. ValuEngine upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of American Axle & Manufact. in a research report on Sunday, September 17th. Finally, B. Riley restated a “sell” rating on shares of American Axle & Manufact. in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.10.

A number of hedge funds have recently bought and sold shares of AXL. Ameritas Investment Partners Inc. increased its position in American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of American Axle & Manufact. by 13.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 895 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of American Axle & Manufact. in the second quarter worth about $162,000. Victory Capital Management Inc. grew its holdings in shares of American Axle & Manufact. by 76.9% in the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after purchasing an additional 4,238 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of American Axle & Manufact. by 18.7% in the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 1,900 shares during the last quarter.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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