American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Holdings Raised by Invesco Ltd.

Invesco Ltd. increased its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,910,909 shares of the auto parts company's stock after buying an additional 108,413 shares during the quarter. Invesco Ltd. owned about 1.63% of American Axle & Manufacturing worth $11,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $63,000. AXQ Capital LP acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $77,000. Polymer Capital Management US LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $77,000. Virtu Financial LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $89,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $122,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXL has been the subject of several analyst reports. Barclays reduced their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective on the stock. Morgan Stanley reduced their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. UBS Group dropped their price objective on shares of 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. 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and an average target price of $6.25.

American Axle & Manufacturing Stock Performance

Shares of NYSE:AXL traded up $0.03 during trading hours on Monday, hitting $3.76. The stock had a trading volume of 1,848,829 shares, compared to its average volume of 1,813,834. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a market capitalization of $444.93 million, a price-to-earnings ratio of 13.43 and a beta of 1.70. The stock's fifty day simple moving average is $4.14 and its 200 day simple moving average is $5.34.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting analysts' consensus estimates of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 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 5.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. Sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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.