The President Driveline of American Axle (NYSE: AXL) is Selling Shares

By Carrie Williams

Today, the President Driveline of American Axle (NYSE: AXL), Alberto Satine, sold shares of AXL for $380.5K.

In addition to Alberto Satine, one other AXL executive reported Sell trades in the last month.

Based on American Axle’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.73 billion and quarterly net profit of $104 million. In comparison, last year the company earned revenue of $947 million and had a net profit of $45.8 million. The company has a one-year high of $20.77 and a one-year low of $13.38. AXL’s market cap is $1.72B and the company has a P/E ratio of 4.74.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.75, reflecting a -28.8% 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 43 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.