115,859 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by Focus Partners Wealth

Focus Partners Wealth purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 115,859 shares of the auto parts company's stock, valued at approximately $675,000. Focus Partners Wealth owned approximately 0.10% of American Axle & Manufacturing at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ethic Inc. purchased a new position in American Axle & Manufacturing in the 4th quarter worth about $59,000. Cibc World Markets Corp acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $63,000. Oxford Asset Management LLP acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $76,000. Polymer Capital Management US LLC acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $77,000. Finally, AXQ Capital LP acquired a new stake in American Axle & Manufacturing in the 4th quarter worth approximately $77,000. 91.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AXL shares. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Morgan Stanley cut their target price on 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Finally, TD Cowen initiated coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 target price on the stock. 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 stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of "Hold" and an average price target of $5.93.

American Axle & Manufacturing Trading Down 2.5%

Shares of AXL traded down $0.11 during trading hours on Friday, hitting $4.27. 2,759,393 shares of the stock traded hands, compared to its average volume of 1,954,960. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.76. The firm has a market capitalization of $506.69 million, a PE ratio of 15.25 and a beta of 1.71. The business has a fifty day moving average of $3.93 and a 200-day moving average of $5.11.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company's quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current 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.