American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,581,320 shares of the auto parts company's stock after selling 111,267 shares during the quarter. Dimensional Fund Advisors LP owned 6.45% of American Axle & Manufacturing worth $44,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Marshall Wace LLP raised its stake in American Axle & Manufacturing by 201.2% during the fourth quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company's stock valued at $7,267,000 after buying an additional 832,726 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after buying an additional 664,922 shares during the period. Vanguard Group Inc. boosted its stake in American Axle & Manufacturing by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after purchasing an additional 462,847 shares during the period. American Century Companies Inc. increased its holdings in shares of American Axle & Manufacturing by 12.4% in the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after purchasing an additional 426,933 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of American Axle & Manufacturing during the 4th quarter valued at approximately $2,065,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Down 0.9 %

AXL traded down $0.04 during trading on Friday, hitting $4.29. The stock had a trading volume of 1,791,434 shares, compared to its average volume of 1,886,048. The stock has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $5.23. 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 Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.98. The company has a market capitalization of $507.65 million, a PE ratio of 15.32 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its 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 analyst estimates 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 quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

AXL has been the topic of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. StockNews.com raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday. Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Barclays dropped 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 note on Wednesday, January 22nd. Finally, UBS Group lowered their price target on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, American Axle & Manufacturing currently has an average rating of "Hold" and a consensus target price of $6.00.

American Axle & Manufacturing Company 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.