American Axle & Manufacturing Holdings (NYSE:AXL) VP Allan R. Monich sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $19.32, for a total transaction of $376,740.00. Following the completion of the transaction, the vice president now directly owns 37,868 shares in the company, valued at approximately $731,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AXL. Analysts at Zacks reiterated a “neutral” rating on shares of American Axle & Manufacturing Holdings in a research note on Tuesday. They now have a $20.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of American Axle & Manufacturing Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.90.
Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded down 0.46% on Friday, hitting $19.30. 632,290 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a 52-week low of $11.85 and a 52-week high of $21.48. The stock has a 50-day moving average of $19.57 and a 200-day moving average of $19.45. The company has a market cap of $1.459 billion and a P/E ratio of 15.76.
American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, February 7th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.09. The company had revenue of $831.30 million for the quarter, compared to the consensus estimate of $864.10 million. During the same quarter in the prior year, the company posted $4.21 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing Holdings will post $2.42 earnings per share for the current fiscal year.
American Axle & Manufacturing Holdings, Inc (NYSE:AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.
This article (Insider Selling: American Axle & Manufacturing Holdings VP Unloads 19,500 Shares of Stock (AXL)) was originally developed by and is property of American Banking News.
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