Vanguard Group Inc. Grows Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Vanguard Group Inc. boosted its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,713,232 shares of the auto parts company's stock after acquiring an additional 462,847 shares during the period. Vanguard Group Inc. owned about 13.36% of American Axle & Manufacturing worth $91,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at about $62,000. Cibc World Markets Corp purchased a new position in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $63,000. Zacks Investment Management acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth approximately $70,000. AXQ Capital LP purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $77,000. Finally, Virtu Financial LLC acquired a new position in American Axle & Manufacturing during the 4th quarter valued at approximately $89,000. Hedge funds and other institutional investors own 91.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Barclays dropped their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price objective on 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 dropped their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com cut shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.38.

American Axle & Manufacturing Price Performance

AXL stock traded down $0.02 during mid-day trading on Tuesday, reaching $3.15. 357,875 shares of the company's stock were exchanged, compared to its average volume of 2,524,847. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.98. The company has a market cap of $372.16 million, a price-to-earnings ratio of 11.27 and a beta of 1.70. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The stock's 50 day moving average is $4.48 and its 200 day moving average is $5.53.

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