Barrow Hanley Mewhinney & Strauss LLC Has $32.53 Million Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 4.5% 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 5,579,636 shares of the auto parts company's stock after selling 262,453 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.75% of American Axle & Manufacturing worth $32,529,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AXL. Lazard Asset Management LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth approximately $51,000. Ethic Inc. purchased a new position in shares of American Axle & Manufacturing during the 4th quarter valued at $59,000. Ground Swell Capital LLC purchased a new position in shares of American Axle & Manufacturing during the 4th quarter valued at $61,000. Cibc World Markets Corp acquired a new position in shares of American Axle & Manufacturing in the fourth quarter worth $63,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $76,000. Institutional investors and hedge funds own 91.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group lowered their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Finally, Morgan Stanley dropped their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.93.

American Axle & Manufacturing Stock Performance

AXL opened at $4.39 on Friday. The company has a market cap of $520.33 million, a PE ratio of 15.66 and a beta of 1.71. The stock has a 50-day moving average of $3.94 and a 200-day moving average of $5.13. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.76. 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 (NYSE:AXL - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate 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 posted $0.18 EPS. As a group, equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share 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.

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