American Axle & Manufact. Holdings, Inc. (AXL) Receives Average Rating of “Hold” from Brokerages

Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.75.

A number of brokerages recently weighed in on AXL. B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research report on Wednesday, November 1st. Morgan Stanley reaffirmed an “underweight” rating and set a $16.00 price objective (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. ValuEngine raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Monday, October 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufact. in a research report on Sunday, September 17th.

In other American Axle & Manufact. news, Director George Thanopoulos sold 150,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.64, for a total value of $2,646,000.00. Following the completion of the transaction, the director now owns 399,013 shares in the company, valued at approximately $7,038,589.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder American Securities Llc sold 15,000,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.37, for a total transaction of $260,550,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,628,832 shares of company stock valued at $271,312,787. 0.96% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in American Axle & Manufact. by 6.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock worth $123,000 after purchasing an additional 380 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in American Axle & Manufact. by 7.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 503 shares during the last quarter. Victory Capital Management Inc. grew its position in American Axle & Manufact. by 76.9% in the 3rd quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after purchasing an additional 4,238 shares during the last quarter. CIBC Asset Management Inc bought a new position in American Axle & Manufact. in the 2nd quarter worth about $162,000. Finally, Amalgamated Bank grew its position in American Axle & Manufact. by 18.7% in the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 1,900 shares during the last quarter.

Shares of American Axle & Manufact. (NYSE AXL) traded up $0.16 during trading on Monday, hitting $16.96. 2,418,317 shares of the stock were exchanged, compared to its average volume of 1,791,779. The firm has a market cap of $1,870.00, a price-to-earnings ratio of 4.59, a PEG ratio of 0.58 and a beta of 1.35. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. American Axle & Manufact. has a 1-year low of $13.38 and a 1-year high of $21.25.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 71.2% compared to the same quarter last year. equities analysts expect that American Axle & Manufact. will post 3.6 EPS for the current year.

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American Axle & Manufact. 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.

Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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