Dana Investment Advisors Inc. Has $6.40 Million Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dana Investment Advisors Inc. raised its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 30.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,097,655 shares of the auto parts company's stock after buying an additional 256,150 shares during the period. Dana Investment Advisors Inc. owned about 0.93% of American Axle & Manufacturing worth $6,399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of 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 in the last quarter. Whitebox Advisors LLC raised its holdings in shares of 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 in the last quarter. Algert Global LLC raised its holdings in shares of American Axle & Manufacturing by 31.9% during the 3rd quarter. Algert Global LLC now owns 921,396 shares of the auto parts company's stock valued at $5,694,000 after purchasing an additional 223,032 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of American Axle & Manufacturing by 325.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company's stock valued at $1,204,000 after purchasing an additional 148,909 shares in the last quarter. Finally, Barclays PLC raised its holdings 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 valued at $1,234,000 after purchasing an additional 146,430 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

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American Axle & Manufacturing Stock Performance

Shares of NYSE:AXL traded down $0.13 on Friday, hitting $4.67. 2,288,576 shares of the company were exchanged, compared to its average volume of 1,714,920. The company's 50 day moving average price is $5.41 and its two-hundred day moving average price is $5.94. American Axle & Manufacturing Holdings, Inc. has a one year low of $4.45 and a one year high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a market capitalization of $548.52 million, a price-to-earnings ratio of 16.66 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) 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 analyst estimates of $1.39 billion. During the same period in the previous year, the business earned ($0.09) EPS. The firm's revenue was down 5.6% on a year-over-year basis. Research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About American Axle & Manufacturing

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.