Thrivent Financial for Lutherans Sells 85,641 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Thrivent Financial for Lutherans trimmed its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 22.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,426 shares of the auto parts company's stock after selling 85,641 shares during the period. Thrivent Financial for Lutherans owned 0.25% of American Axle & Manufacturing worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter worth approximately $62,000. Cibc World Markets Corp bought a new position in American Axle & Manufacturing during the fourth quarter worth $63,000. Zacks Investment Management acquired a new position in American Axle & Manufacturing in the third quarter worth $70,000. Quarry LP increased its stake in American Axle & Manufacturing by 51.9% during the third quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock valued at $74,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of American Axle & Manufacturing during the third quarter worth $80,000. 91.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. TD Cowen started coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They set a "hold" rating and a $5.00 price target on the stock. Cowen initiated coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of "Hold" and an average target price of $6.69.

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American Axle & Manufacturing Price Performance

AXL traded down $0.16 on Tuesday, reaching $3.92. The company had a trading volume of 1,332,021 shares, compared to its average volume of 1,689,377. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.82 and a one year high of $7.98. The company has a market capitalization of $463.27 million, a P/E ratio of 13.98 and a beta of 1.85. The company has a fifty day moving average of $4.99 and a 200-day moving average of $5.75. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. As a group, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

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.