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

Sequoia Financial Advisors LLC raised its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 17.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,250,455 shares of the auto parts company's stock after buying an additional 337,508 shares during the quarter. Sequoia Financial Advisors LLC owned 1.90% of American Axle & Manufacturing worth $9,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of American Axle & Manufacturing by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock valued at $1,772,000 after acquiring an additional 3,161 shares during the period. QRG Capital Management Inc. grew its position in American Axle & Manufacturing by 38.6% during the 1st quarter. QRG Capital Management Inc. now owns 18,742 shares of the auto parts company's stock worth $76,000 after purchasing an additional 5,222 shares in the last quarter. MetLife Investment Management LLC grew its position in American Axle & Manufacturing by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock worth $379,000 after purchasing an additional 6,584 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in American Axle & Manufacturing by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company's stock valued at $518,000 after purchasing an additional 6,704 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of American Axle & Manufacturing by 21.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,797 shares of the auto parts company's stock valued at $267,000 after purchasing an additional 8,067 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 0.8%

AXL traded down $0.04 during trading on Friday, reaching $4.17. 5,686,623 shares of the stock traded hands, compared to its average volume of 2,111,002. The stock's 50-day simple moving average is $4.19 and its two-hundred day simple moving average is $4.75. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.72 and a quick ratio of 1.35. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.65. The stock has a market cap of $494.22 million, a price-to-earnings ratio of 24.50 and a beta of 1.58.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates 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 8.70% and a net margin of 0.36%. The business's quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. As a group, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley reduced their price objective 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. TD Cowen began coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a "hold" rating and a $5.00 target price on the stock. UBS Group dropped their target price 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, Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. One research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.