American Axle & Manufact. Sees Unusually Large Options Volume (AXL)
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) saw some unusual options trading on Wednesday. Stock traders acquired 5,165 put options on the stock. This is an increase of approximately 1,393% compared to the typical daily volume of 346 put options.
In related news, SVP Alberto L. Satine sold 15,033 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.75, for a total transaction of $251,802.75. Following the sale, the senior vice president now owns 59,420 shares of the company’s stock, valued at approximately $995,285. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tolga I. Oal sold 14,876 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total value of $215,255.72. Following the sale, the insider now directly owns 97,430 shares in the company, valued at approximately $1,409,812.10. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in American Axle & Manufact. during the 1st quarter worth about $33,000. Oregon Public Employees Retirement Fund acquired a new position in American Axle & Manufact. during the 4th quarter worth about $42,000. O Shaughnessy Asset Management LLC acquired a new position in American Axle & Manufact. during the 4th quarter worth about $45,000. Dubuque Bank & Trust Co. acquired a new position in American Axle & Manufact. during the 4th quarter worth about $48,000. Finally, Advisory Services Network LLC lifted its holdings in American Axle & Manufact. by 535.0% during the 4th quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock worth $49,000 after buying an additional 3,756 shares during the period. 98.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AXL opened at $15.92 on Friday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 4.85, a P/E/G ratio of 0.68 and a beta of 1.66. American Axle & Manufact. has a 12 month low of $10.13 and a 12 month high of $19.34. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.16 and a current ratio of 1.50.
American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, February 15th. The auto parts company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. American Axle & Manufact. had a positive return on equity of 22.35% and a negative net margin of 0.79%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. On average, equities research analysts forecast that American Axle & Manufact. will post 2.9 EPS for the current year.
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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 in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, 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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