Dimensional Fund Advisors LP Has $44.20 Million Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dimensional Fund Advisors LP cut its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,581,320 shares of the auto parts company's stock after selling 111,267 shares during the period. Dimensional Fund Advisors LP owned about 6.45% of American Axle & Manufacturing worth $44,199,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock valued at $1,772,000 after purchasing an additional 3,161 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in American Axle & Manufacturing by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company's stock worth $518,000 after purchasing an additional 6,704 shares during the period. Guggenheim Capital LLC raised its stake in shares of American Axle & Manufacturing by 50.0% during the 4th quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company's stock worth $149,000 after buying an additional 8,518 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of American Axle & Manufacturing by 12.4% during the 4th quarter. Intech Investment Management LLC now owns 82,279 shares of the auto parts company's stock worth $480,000 after buying an additional 9,046 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $63,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Price Performance

AXL traded down $0.14 during trading on Tuesday, reaching $4.15. The stock had a trading volume of 4,610,260 shares, compared to its average volume of 1,866,552. The stock has a 50 day moving average of $3.99 and a two-hundred day moving average of $5.26. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $491.08 million, a price-to-earnings ratio of 14.82 and a beta of 1.71. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm's revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. As a group, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on AXL. UBS Group dropped their target price on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a report on Monday. TD Cowen began coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a "hold" rating and a $5.00 price target for the company. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, American Axle & Manufacturing currently has an average rating of "Hold" and a consensus target price of $6.25.

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.