American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Director George Thanopoulos sold 123,901 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the sale, the director now owns 876,745 shares of the company’s stock, valued at approximately $13,282,686.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Monday, September 11th, George Thanopoulos sold 125,000 shares of American Axle & Manufacturing Holdings stock. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) traded up 2.14% during trading on Wednesday, reaching $15.73. 2,429,534 shares of the company’s stock traded hands. The stock has a 50-day moving average of $14.56 and a 200-day moving average of $16.42. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 5.42 and a beta of 1.33. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 71.4% compared to the same quarter last year. On average, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of American Axle & Manufacturing Holdings in the first quarter worth $1,121,000. State of Tennessee Treasury Department increased its position in shares of American Axle & Manufacturing Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 71,406 shares of the auto parts company’s stock worth $1,341,000 after acquiring an additional 10,776 shares in the last quarter. Morgan Stanley increased its position in shares of American Axle & Manufacturing Holdings by 7.0% in the first quarter. Morgan Stanley now owns 418,610 shares of the auto parts company’s stock worth $7,862,000 after acquiring an additional 27,281 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Axle & Manufacturing Holdings by 10.1% in the first quarter. Geode Capital Management LLC now owns 1,048,428 shares of the auto parts company’s stock worth $19,689,000 after acquiring an additional 95,840 shares in the last quarter. Finally, UBS Group AG increased its position in shares of American Axle & Manufacturing Holdings by 949.0% in the first quarter. UBS Group AG now owns 105,649 shares of the auto parts company’s stock worth $1,984,000 after acquiring an additional 95,578 shares in the last quarter.

Several research firms recently weighed in on AXL. Off Wall Street began coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They issued a “buy” rating for the company. BidaskClub upgraded shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. ValuEngine downgraded shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, CLSA began coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They issued a “buy” rating and a $18.00 target price for the company. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.90.

American Axle & Manufacturing Holdings 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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