American Axle & Manufact. Holdings, Inc. (NYSE:AXL) insider Gregory Deveson purchased 11,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average price of $12.76 per share, for a total transaction of $149,611.00. Following the purchase, the insider now directly owns 57,523 shares in the company, valued at $733,993.48. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
AXL traded up $0.57 during trading on Wednesday, hitting $12.92. 3,982,500 shares of the company’s stock traded hands, compared to its average volume of 2,160,726. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. American Axle & Manufact. Holdings, Inc. has a 12-month low of $11.26 and a 12-month high of $19.63. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 3.45, a P/E/G ratio of 0.36 and a beta of 1.53.
American Axle & Manufact. (NYSE:AXL) last issued its earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.27). American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.92 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC boosted its stake in shares of American Axle & Manufact. by 465.8% in the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock worth $167,000 after buying an additional 8,840 shares during the last quarter. Brave Asset Management Inc. purchased a new position in shares of American Axle & Manufact. in the 2nd quarter worth $170,000. Engineers Gate Manager LP purchased a new position in shares of American Axle & Manufact. in the 2nd quarter worth $190,000. Hartford Investment Management Co. purchased a new position in shares of American Axle & Manufact. in the 2nd quarter worth $193,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of American Axle & Manufact. by 215.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock worth $240,000 after buying an additional 9,426 shares during the last quarter. Institutional investors and hedge funds own 98.64% of the company’s stock.
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American Axle & Manufact. Company Profile
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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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