American Axle & Manufact. Holdings, Inc. (AXL) Insider Tolga I. Oal Purchases 1,600 Shares

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) insider Tolga I. Oal purchased 1,600 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was bought at an average price of $12.21 per share, with a total value of $19,536.00. Following the completion of the transaction, the insider now directly owns 82,865 shares of the company’s stock, valued at $1,011,781.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of American Axle & Manufact. stock opened at $12.60 on Tuesday. The company has a market capitalization of $1.39 billion, a P/E ratio of 3.36, a price-to-earnings-growth ratio of 0.47 and a beta of 1.48. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $19.63. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 2.11.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings data on Friday, November 2nd. The auto parts company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.27). The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities research analysts predict that American Axle & Manufact. Holdings, Inc. will post 3.31 EPS for the current year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered American Axle & Manufact. from a “hold” rating to a “strong sell” rating in a research report on Friday, November 16th. Morgan Stanley set a $16.00 price target on American Axle & Manufact. and gave the company a “buy” rating in a research report on Wednesday, November 14th. Citigroup dropped their price target on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Barclays set a $15.00 price target on American Axle & Manufact. and gave the company a “buy” rating in a research report on Monday, November 5th. Finally, ValuEngine lowered American Axle & Manufact. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. American Axle & Manufact. has an average rating of “Hold” and a consensus price target of $16.70.

A number of institutional investors have recently modified their holdings of AXL. Advisors Preferred LLC grew its position in American Axle & Manufact. by 465.8% in the second quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 8,840 shares during the period. Engineers Gate Manager LP purchased a new position in American Axle & Manufact. in the second quarter worth approximately $190,000. Hartford Investment Management Co. purchased a new position in American Axle & Manufact. in the second quarter worth approximately $193,000. Meeder Asset Management Inc. grew its position in American Axle & Manufact. by 215.1% in the third quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock worth $240,000 after acquiring an additional 9,426 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in American Axle & Manufact. in the third quarter worth approximately $240,000.

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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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