American Century Companies Inc. Buys 426,933 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

American Century Companies Inc. raised its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,856,509 shares of the auto parts company's stock after buying an additional 426,933 shares during the period. American Century Companies Inc. owned about 3.28% of American Axle & Manufacturing worth $22,483,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AXL. Jacobs Levy Equity Management Inc. raised its position in American Axle & Manufacturing by 31.8% during the 3rd 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 purchasing an additional 548,860 shares during the last quarter. Whitebox Advisors LLC increased its position in American Axle & Manufacturing by 38.0% during the 3rd quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company's stock valued at $8,746,000 after purchasing an additional 389,760 shares during the period. Dana Investment Advisors Inc. raised its holdings in American Axle & Manufacturing by 30.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after purchasing an additional 256,150 shares in the last quarter. Barclays PLC lifted its position in shares of American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock worth $1,234,000 after purchasing an additional 146,430 shares during the period. Finally, FMR LLC boosted its stake in shares of American Axle & Manufacturing by 25.8% during the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company's stock valued at $3,160,000 after purchasing an additional 104,936 shares in the last quarter. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Stock Down 9.5 %

Shares of NYSE AXL traded down $0.38 during midday trading on Thursday, hitting $3.58. The stock had a trading volume of 2,799,717 shares, compared to its average volume of 1,702,148. The business's 50 day moving average is $4.87 and its 200-day moving average is $5.71. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.55 and a 52 week high of $7.98. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The company has a market cap of $423.04 million, a P/E ratio of 12.77 and a beta of 1.85.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXL. Barclays decreased their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. UBS Group dropped their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Finally, Cowen began coverage on shares of American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.69.

American Axle & Manufacturing Company 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.