George Thanopoulos Sells 150,000 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Director George Thanopoulos sold 150,000 shares of the stock in a transaction on Monday, December 4th. The stock was 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 directly owns 399,013 shares in the company, valued at $7,038,589.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

George Thanopoulos also recently made the following trade(s):

  • On Friday, December 1st, George Thanopoulos sold 354,931 shares of American Axle & Manufact. stock. The stock was sold at an average price of $17.58, for a total value of $6,239,686.98.
  • On Monday, September 11th, George Thanopoulos sold 125,000 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00.
  • On Tuesday, September 12th, George Thanopoulos sold 123,901 shares of American Axle & Manufact. stock. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15.

American Axle & Manufact. Holdings, Inc. (NYSE AXL) opened at $16.57 on Thursday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufact. Holdings, Inc. has a 52-week low of $13.38 and a 52-week high of $21.25. The company has a market capitalization of $1,905.29, a PE ratio of 4.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.35.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 71.2% compared to the same quarter last year. equities research analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Several research analysts recently weighed in on AXL shares. ValuEngine lowered American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a research report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufact. in a research report on Sunday, September 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Finally, Bank of America raised their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.10.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of American Axle & Manufact. by 13.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 895 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of American Axle & Manufact. during the second quarter valued at about $162,000. Victory Capital Management Inc. grew its stake in shares of American Axle & Manufact. by 76.9% during the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of American Axle & Manufact. by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 1,900 shares in the last quarter.

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About American Axle & Manufact.

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.

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