American Axle & Manufact. Sees Unusually Large Options Volume (AXL)

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) was the target of unusually large options trading on Tuesday. Stock investors purchased 5,546 put options on the stock. This represents an increase of 3,861% compared to the typical volume of 140 put options.

In other American Axle & Manufact. news, Director George Thanopoulos sold 354,931 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $17.58, for a total value of $6,239,686.98. Following the completion of the sale, the director now directly owns 399,013 shares in the company, valued at $7,014,648.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder American Securities Llc sold 15,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,604,931 shares of company stock valued at $271,156,687. Insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufact. by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock valued at $168,853,000 after buying an additional 133,030 shares in the last quarter. BlackRock Inc. increased its holdings in shares of American Axle & Manufact. by 4.2% in the second quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock valued at $157,338,000 after buying an additional 407,526 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Axle & Manufact. by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock valued at $124,142,000 after buying an additional 1,407,426 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of American Axle & Manufact. by 33.1% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,003,677 shares of the auto parts company’s stock valued at $87,964,000 after buying an additional 1,243,914 shares in the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of American Axle & Manufact. by 5.8% in the fourth quarter. DnB Asset Management AS now owns 4,598,339 shares of the auto parts company’s stock valued at $78,310,000 after buying an additional 250,328 shares in the last quarter.

AXL has been the subject of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $16.00 target price (up from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Royal Bank of Canada restated a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Bank of America upped their target price on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. KeyCorp restated a “hold” rating on shares of American Axle & Manufact. in a research report on Sunday, September 17th. Finally, Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. American Axle & Manufact. currently has an average rating of “Hold” and a consensus price target of $19.67.

American Axle & Manufact. (NYSE AXL) opened at $18.38 on Friday. The stock has a market capitalization of $2,000.00, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.36. American Axle & Manufact. has a twelve month low of $13.38 and a twelve month high of $21.25. 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. (NYSE:AXL) last posted its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The firm’s revenue was up 71.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. equities research analysts forecast that American Axle & Manufact. will post 3.6 EPS for the current fiscal year.

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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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