D. E. Shaw & Co. Inc. Has $919,000 Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

D. E. Shaw & Co. Inc. lifted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 221.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,645 shares of the auto parts company's stock after acquiring an additional 108,655 shares during the period. D. E. Shaw & Co. Inc. owned 0.13% of American Axle & Manufacturing worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Whitebox Advisors LLC raised its holdings in American Axle & Manufacturing by 33.7% during the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after purchasing an additional 477,550 shares in the last quarter. Dana Investment Advisors Inc. raised its stake in shares of American Axle & Manufacturing by 30.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after buying an additional 256,150 shares in the last quarter. American Century Companies Inc. lifted 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 valued at $22,483,000 after buying an additional 426,933 shares during the period. JPMorgan Chase & Co. boosted its stake in American Axle & Manufacturing by 546.6% during the fourth quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock valued at $4,586,000 after buying an additional 664,922 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in American Axle & Manufacturing by 23.4% during the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock worth $5,109,000 after acquiring an additional 165,905 shares during the period. 91.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research note on Monday, May 19th. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. UBS Group dropped their price target on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, TD Cowen started coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a "hold" rating and a $5.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.93.

American Axle & Manufacturing Trading Up 0.3%

American Axle & Manufacturing stock traded up $0.02 during midday trading on Thursday, reaching $4.47. The stock had a trading volume of 2,165,919 shares, compared to its average volume of 1,965,131. 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 debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The firm has a market cap of $529.83 million, a price-to-earnings ratio of 15.95 and a beta of 1.71. The firm's fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $5.06.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $1.41 billion during 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 company's revenue for the quarter 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. Equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal 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.