Barrow Hanley Mewhinney & Strauss LLC Decreases Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,579,636 shares of the auto parts company's stock after selling 262,453 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.75% of American Axle & Manufacturing worth $32,529,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dana Investment Advisors Inc. grew its position in American Axle & Manufacturing by 30.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after acquiring an additional 256,150 shares during the period. American Century Companies Inc. lifted its stake in shares of American Axle & Manufacturing by 12.4% in the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after purchasing an additional 426,933 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth $62,000. Barclays PLC increased its position in shares of American Axle & Manufacturing by 274.4% during 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 last quarter. Finally, FMR LLC raised its holdings in American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company's stock valued at $3,160,000 after buying an additional 104,936 shares during the period. Hedge funds and other institutional investors own 91.41% of the company's stock.

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American Axle & Manufacturing Stock Down 4.6 %

Shares of NYSE AXL traded down $0.17 during mid-day trading on Friday, hitting $3.41. The company had a trading volume of 3,527,786 shares, compared to its average volume of 1,712,520. The company has a market capitalization of $402.92 million, a PE ratio of 12.16 and a beta of 1.85. The business's 50-day simple moving average is $4.82 and its 200 day simple moving average is $5.69. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.17 and a 1-year high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AXL shares. Morgan Stanley lowered their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. 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. Barclays cut their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Cowen started coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, StockNews.com cut American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.69.

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.