Today, the VP & Controller of American Axle (AXL), Michael Joseph Lynch, bought shares of AXL for $12.07K.
In addition to Michael Joseph Lynch, 10 other AXL executives reported Buy trades in the last month. Following this transaction Michael Joseph Lynch’s holding in the company was increased by 3.27% to a total of $377.8K.
See today’s analyst top recommended stocks >>
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 $84.3 million. AXL’s market cap is $1.34B and the company has a P/E ratio of 3.36. Currently, American Axle has an average volume of 2.15M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $16.57, reflecting a 44.5% upside. Five different firms, including Barclays and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on American Axle has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Michael Joseph Lynch’s trades have generated a 10.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Axle & Manufacturing Holdings, Inc. engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline, Metal Forming, Powertrain, Casting, and Corporate.
