American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,205,263 shares of the auto parts company's stock after selling 357,290 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.88% of American Axle & Manufacturing worth $12,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AXL. State Street Corp lifted its holdings in American Axle & Manufacturing by 0.5% in the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company's stock valued at $29,076,000 after acquiring an additional 23,538 shares during the last quarter. Geode Capital Management LLC raised its holdings in American Axle & Manufacturing by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock valued at $16,411,000 after buying an additional 21,054 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in American Axle & Manufacturing by 31.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company's stock valued at $14,053,000 after buying an additional 548,860 shares during the last quarter. Whitebox Advisors LLC boosted its stake in American Axle & Manufacturing by 38.0% during the third quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company's stock worth $8,746,000 after buying an additional 389,760 shares during the period. Finally, Algert Global LLC increased its position in shares of American Axle & Manufacturing by 31.9% during the third quarter. Algert Global LLC now owns 921,396 shares of the auto parts company's stock valued at $5,694,000 after acquiring an additional 223,032 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AXL shares. UBS Group lowered their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley cut their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Barclays cut their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Finally, TD Cowen started coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of "Hold" and a consensus price target of $6.69.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock traded down $0.05 during trading on Tuesday, reaching $4.51. The company's stock had a trading volume of 2,230,147 shares, compared to its average volume of 1,614,864. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $4.38 and a fifty-two week high of $7.98. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The firm has a market cap of $530.29 million, a PE ratio of 16.11 and a beta of 1.85. The company has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $5.80.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.