Brokerage firm RBC Capital Upgrades its rating on American Axle & Manufact. Holdings(NYSE:AXL). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Jun 29, 2016.
In a different note, On Jun 21, 2016, Bank of America said it Downgrades its rating on American Axle & Manufact. Holdings. The shares have been rated ‘Neutral’ by the firm.
American Axle & Manufact. Holdings (AXL) made into the market gainers list on Fridays trading session with the shares advancing 3.52% or 0.51 points. Due to strong positive momentum, the stock ended at $14.99, which is also near the day’s high of $15.2599. The stock began the session at $14.58 and the volume stood at 9,31,184 shares. The 52-week high of the shares is $23 and the 52 week low is $11.44. The company has a current market capitalization of $1,147 M and it has 7,64,96,803 shares in outstanding.
American Axle & Manufact. Holdings(AXL) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $969.20M. Analysts had an estimated revenue of $996.24M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.71.
Several Insider Transactions has been reported to the SEC. On May 24, 2016, Michael Joseph Lynch (VP Drvlne Bus Perf & Cost Mgmt) sold 5,531 shares at $15.00 per share price.Also, On May 18, 2016, David A Culton (VP Cost Engineering-Full Frame) sold 6,776 shares at $15.55 per share price.On Mar 15, 2016, Alberto L Satine (President Driveline) sold 16,000 shares at $14.85 per share price, according to the Form-4 filing with the securities and exchange commission.
American Axle & Manufacturing Holdings Inc. is an automotive supplier. The Company manufactures engineers designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks sport utility vehicles (SUVs) passenger cars crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline drivetrain and related products include axles driveheads chassis modules driveshafts power transfer units transfer cases chassis and steering components transmission parts electric drive systems and metal-formed products. The Companys technologies include PowerLite axles PowerDense gears and PowerFilm lubricant for passenger car light truck and AWD applications. It operates in 13 countries and has 37 manufacturing engineering and business office facilities across the world.