Today, the Pres, Metal Form Products of American Axle, Norman Willemse, exercised options of American Axle (NYSE: AXL) for $151.9K. The options were close to expired and Norman Willemse disposed stocks.
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Based on American Axle’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.86 billion and quarterly net profit of $87.2 million. In comparison, last year the company earned revenue of $1.05 billion and had a net profit of $76.5 million. AXL’s market cap is $1.75B and the company has a P/E ratio of 5.15. Currently, American Axle has an average volume of 1.12M.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.40, reflecting a -14.0% downside. Five different firms, including B.Riley FBR and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on American Axle has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
