Towle & Co. Decreases Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Towle & Co. lessened its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,254,522 shares of the auto parts company's stock after selling 380,014 shares during the period. American Axle & Manufacturing makes up about 2.3% of Towle & Co.'s investment portfolio, making the stock its 23rd biggest holding. Towle & Co. owned about 1.92% of American Axle & Manufacturing worth $13,144,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AXL. ProShare Advisors LLC increased its position in shares of American Axle & Manufacturing by 44.4% during 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 in the last quarter. Quantinno Capital Management LP acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at $80,000. Lazard Asset Management LLC acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at $51,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of American Axle & Manufacturing by 3.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company's stock worth $13,679,000 after buying an additional 72,337 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter worth about $61,000. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Stock Down 2.5%

Shares of NYSE:AXL traded down $0.11 on Friday, hitting $4.27. 2,759,393 shares of the company traded hands, compared to its average volume of 1,950,599. 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 quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The stock has a 50 day simple moving average of $3.93 and a 200-day simple moving average of $5.12. The company has a market cap of $506.69 million, a PE ratio of 15.25 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AXL. Royal Bank of Canada reissued a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. UBS Group reduced their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They set a "hold" rating and a $5.00 price target for the company. Finally, Morgan Stanley dropped their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.93.

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.