Invesco Ltd. Has $11.14 Million Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Invesco Ltd. boosted its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,910,909 shares of the auto parts company's stock after acquiring an additional 108,413 shares during the quarter. Invesco Ltd. owned 1.63% of American Axle & Manufacturing worth $11,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXL. Cibc World Markets Corp bought a new position in American Axle & Manufacturing in the 4th quarter valued at $63,000. AXQ Capital LP bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at about $77,000. Polymer Capital Management US LLC acquired a new position in American Axle & Manufacturing during the 4th quarter worth about $77,000. Virtu Financial LLC acquired a new position in American Axle & Manufacturing during the 4th quarter worth about $89,000. Finally, KLP Kapitalforvaltning AS bought a new stake in American Axle & Manufacturing during the 4th quarter worth about $122,000. 91.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AXL shares. Barclays reduced 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 report on Wednesday, January 22nd. Cowen initiated coverage on American Axle & Manufacturing in a report on Thursday, March 6th. They set a "hold" rating on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, UBS Group lowered their price objective on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One equities research 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 currently has a consensus rating of "Hold" and a consensus target price of $6.25.

American Axle & Manufacturing Trading Up 0.8 %

NYSE:AXL traded up $0.03 during mid-day trading on Friday, hitting $3.73. The company had a trading volume of 2,528,159 shares, compared to its average volume of 1,809,844. The firm has a market cap of $441.38 million, a P/E ratio of 13.32 and a beta of 1.70. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.98. The business's fifty day moving average is $4.23 and its two-hundred day moving average is $5.38. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share 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.