Fmr LLC Boosts Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

FMR LLC increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 25.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 511,378 shares of the auto parts company's stock after purchasing an additional 104,936 shares during the quarter. FMR LLC owned approximately 0.43% of American Axle & Manufacturing worth $3,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in American Axle & Manufacturing by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 84,592 shares of the auto parts company's stock valued at $591,000 after acquiring an additional 2,066 shares during the period. Xponance Inc. raised its holdings in American Axle & Manufacturing by 18.2% during the 2nd quarter. Xponance Inc. now owns 18,225 shares of the auto parts company's stock valued at $127,000 after acquiring an additional 2,800 shares during the period. Highland Capital Management LLC raised its holdings in American Axle & Manufacturing by 10.8% during the 3rd quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company's stock valued at $182,000 after acquiring an additional 2,868 shares during the period. KBC Group NV raised its holdings in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after acquiring an additional 3,211 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in American Axle & Manufacturing by 13.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,725 shares of the auto parts company's stock valued at $241,000 after acquiring an additional 3,862 shares during the period. Institutional investors own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AXL shares. Wolfe Research raised shares of American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.38.

American Axle & Manufacturing Price Performance

Shares of AXL traded down $0.15 during mid-day trading on Friday, reaching $6.61. 1,560,316 shares of the stock traded hands, compared to its average volume of 1,569,453. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $5.43 and a 1 year high of $8.99. The firm has a fifty day moving average price of $6.34 and a 200 day moving average price of $6.57. The company has a market cap of $777.20 million, a price-to-earnings ratio of 27.54 and a beta of 1.95. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned ($0.11) earnings per share. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.