The Chairman & CEO of American Axle (NYSE: AXL) is Buying Shares

By Carrie Williams

Today, the Chairman & CEO of American Axle (NYSE: AXL), David Dauch, bought shares of AXL for $723.4K.

Following this transaction David Dauch’s holding in the company was increased by 15.42% to a total of $4.89 million. In addition to David Dauch, one other AXL executive reported Buy trades in the last month.

Based on American Axle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.01 billion and quarterly net profit of $60.3 million. In comparison, last year the company earned revenue of $972 million and had a net profit of $59.5 million. The company has a one year high of $22.98 and a one year low of $11.44. AXL’s market cap is $1.05B and the company has a P/E ratio of 4.43.

Six different firms, including J.P. Morgan and Deutsche Bank, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $15.80, reflecting a -4.4% downside.

The insider sentiment on American Axle has been positive according to 51 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

American Axle & Manufacturing Holdings, Inc. operates as a supplier to the automotive industry. It operates through its subsidiaries, which are engaged in the manufacturing, engineering, designing and validation of driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover and commercial vehicles. The company’s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. American Axle & Manufacturing Holdings was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.