Northern Trust Corp Has $7.40 Million Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Northern Trust Corp lifted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,269,263 shares of the auto parts company's stock after purchasing an additional 120,242 shares during the period. Northern Trust Corp owned 1.08% of American Axle & Manufacturing worth $7,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXL. Vanguard Group Inc. grew its holdings 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 valued at $91,608,000 after buying an additional 462,847 shares during the last quarter. American Century Companies Inc. raised its stake in American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after purchasing an additional 426,933 shares during the last quarter. Invesco Ltd. raised its stake in American Axle & Manufacturing by 6.0% during the 4th quarter. Invesco Ltd. now owns 1,910,909 shares of the auto parts company's stock valued at $11,141,000 after purchasing an additional 108,413 shares during the last quarter. Renaissance Technologies LLC raised its stake in American Axle & Manufacturing by 17.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,484,599 shares of the auto parts company's stock valued at $8,655,000 after purchasing an additional 224,200 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in American Axle & Manufacturing by 201.2% during the 4th quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company's stock valued at $7,267,000 after purchasing an additional 832,726 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AXL. TD Cowen began coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 target price for the company. UBS Group decreased their target price on shares of 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. Morgan Stanley dropped their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Royal Bank of Canada restated 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. Finally, Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.93.

American Axle & Manufacturing Trading Down 2.5%

NYSE:AXL traded down $0.11 during trading hours on Friday, hitting $4.27. 2,759,393 shares of the stock were exchanged, compared to its average volume of 1,954,960. The company's 50 day moving average is $3.93 and its two-hundred day moving average is $5.11. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.76. 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 company has a market capitalization of $506.69 million, a P/E ratio of 15.25 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $0.18 earnings per share. The company's revenue was down 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal 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.