Today, the Chairman & CEO of American Axle (AXL), David Dauch, bought shares of AXL for $1.01M.
This recent transaction increases David Dauch’s holding in the company by 12.23% to a total of $9.29 million.
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Based on American Axle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.82 billion and quarterly net profit of $61.8 million. In comparison, last year the company earned revenue of $1.72 billion and had a net profit of $86.2 million. AXL’s market cap is $1.28B and the company has a P/E ratio of 3.22. Currently, American Axle has an average volume of 6.85M.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.00, reflecting a 48.3% upside. Three different firms, including Citigroup and RBC Capital, currently also have a Buy rating on the stock.
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American Axle & Manufacturing Holdings, Inc. operates as a supplier to the automotive industry. Though its subsidiaries, it manufactures, engineers, designs, and validates driveline and drivetrain systems and related components. It also offers chassis modules for light trucks, sport utility vehicles, passenger cars, crossover, and commercial vehicles.
