Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) rose 5.9% during mid-day trading on Wednesday following insider buying activity. The company traded as high as $12.35 and last traded at $12.26. Approximately 3,096,041 shares traded hands during trading, an increase of 42% from the average daily volume of 2,173,556 shares. The stock had previously closed at $11.58.

Specifically, CEO David C. Dauch bought 88,100 shares of the company’s stock in a transaction on Monday, November 5th. The shares were acquired at an average cost of $11.47 per share, with a total value of $1,010,507.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Mccaslin bought 4,500 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was purchased at an average cost of $12.10 per share, for a total transaction of $54,450.00. Following the completion of the transaction, the director now directly owns 57,557 shares of the company’s stock, valued at approximately $696,439.70. The disclosure for this purchase can be found here. Insiders acquired 130,325 shares of company stock worth $1,528,918 over the last three months. Insiders own 1.10% of the company’s stock.

AXL has been the topic of several research reports. TheStreet cut American Axle & Manufact. from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Zacks Investment Research cut American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. B. Riley dropped their target price on American Axle & Manufact. from $12.00 to $10.00 and set a “sell” rating on the stock in a research report on Monday, November 5th. Royal Bank of Canada dropped their target price on American Axle & Manufact. from $25.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, Bank of America raised American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 target price on the stock in a research report on Monday, November 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.70.

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.63 and a quick ratio of 1.31. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 3.27, a PEG ratio of 0.40 and a beta of 1.53.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, November 2nd. The auto parts company reported $0.63 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that American Axle & Manufact. Holdings, Inc. will post 3.57 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC lifted its position in shares of American Axle & Manufact. by 465.8% during the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock valued at $167,000 after buying an additional 8,840 shares in the last quarter. Brave Asset Management Inc. purchased a new position in shares of American Axle & Manufact. during the 2nd quarter valued at about $170,000. Engineers Gate Manager LP purchased a new position in shares of American Axle & Manufact. during the 2nd quarter valued at about $190,000. Hartford Investment Management Co. purchased a new position in American Axle & Manufact. in the 2nd quarter worth approximately $193,000. Finally, Meeder Asset Management Inc. lifted its holdings in 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 purchasing an additional 9,426 shares in the last quarter. 98.64% of the stock is currently owned by hedge funds and other institutional investors.

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American Axle & Manufact. Company Profile (NYSE:AXL)

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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