Sequoia Financial Advisors LLC Buys 337,508 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Sequoia Financial Advisors LLC raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,250,455 shares of the auto parts company's stock after buying an additional 337,508 shares during the period. Sequoia Financial Advisors LLC owned about 1.90% of American Axle & Manufacturing worth $9,159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of American Axle & Manufacturing by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock valued at $3,324,000 after acquiring an additional 15,976 shares during the period. Y Intercept Hong Kong Ltd increased its position in American Axle & Manufacturing by 80.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company's stock worth $377,000 after purchasing an additional 28,804 shares during the period. Bank of New York Mellon Corp raised its holdings in American Axle & Manufacturing by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 811,481 shares of the auto parts company's stock worth $4,731,000 after purchasing an additional 52,142 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in American Axle & Manufacturing by 30.4% during the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock valued at $6,399,000 after purchasing an additional 256,150 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in American Axle & Manufacturing during the 4th quarter valued at about $183,000. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Trading Down 2.6%

Shares of NYSE AXL traded down $0.11 during midday trading on Monday, reaching $4.07. 3,995,354 shares of the stock were exchanged, compared to its average volume of 2,124,253. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $7.65. The company has a market capitalization of $482.95 million, a price-to-earnings ratio of 23.94 and a beta of 1.58. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.72 and a quick ratio of 1.35. The business has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $4.69.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $0.18 EPS. The firm's revenue was down 12.2% compared to the same quarter last year. As a group, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AXL shares. 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 lowered 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 report on Monday, May 19th. 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 price target on the stock. UBS Group reduced their price target on 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. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.93.

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.