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 fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,579,636 shares of the auto parts company's stock after selling 262,453 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 4.75% of American Axle & Manufacturing worth $32,529,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. PharVision Advisers LLC bought a new position in American Axle & Manufacturing during the 4th quarter worth $96,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of American Axle & Manufacturing by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,460 shares of the auto parts company's stock valued at $2,078,000 after buying an additional 52,751 shares during the period. Squarepoint Ops LLC raised its position in shares of American Axle & Manufacturing by 207.4% during the fourth quarter. Squarepoint Ops LLC now owns 507,187 shares of the auto parts company's stock worth $2,957,000 after acquiring an additional 342,211 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of American Axle & Manufacturing by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 34,700 shares of the auto parts company's stock worth $202,000 after acquiring an additional 10,663 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in American Axle & Manufacturing in the fourth quarter valued at approximately $80,000. Institutional investors own 91.41% of the company's stock.
American Axle & Manufacturing Stock Down 0.8%
Shares of NYSE AXL traded down $0.04 during trading on Wednesday, hitting $4.40. 587,602 shares of the company traded hands, compared to its average volume of 1,950,464. The firm has a market capitalization of $521.52 million, a price-to-earnings ratio of 15.70 and a beta of 1.71. The business's fifty day moving average is $3.92 and its 200 day moving average is $5.08. 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 fifty-two week low of $3.00 and a fifty-two week high of $7.76.
American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The business 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 firm's revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on AXL shares. Morgan Stanley lowered their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. TD Cowen initiated coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective on the stock. Finally, UBS Group decreased their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of "Hold" and a consensus price target of $5.93.
View Our Latest Research Report on American Axle & Manufacturing
About American Axle & Manufacturing
(
Free Report)
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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