Jacobs Levy Equity Management Inc. Buys 72,337 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Jacobs Levy Equity Management Inc. increased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,346,254 shares of the auto parts company's stock after purchasing an additional 72,337 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 2.00% of American Axle & Manufacturing worth $13,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AXL. Franklin Resources Inc. grew its position in shares of American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock worth $1,772,000 after buying an additional 3,161 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in American Axle & Manufacturing by 11.3% in the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock valued at $379,000 after acquiring an additional 6,584 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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. Price T Rowe Associates Inc. MD raised its holdings in American Axle & Manufacturing by 21.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,797 shares of the auto parts company's stock worth $267,000 after purchasing an additional 8,067 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of American Axle & Manufacturing by 50.0% in the 4th quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company's stock worth $149,000 after purchasing an additional 8,518 shares during the period. Hedge funds and other institutional investors own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

AXL has been the topic of several research analyst reports. StockNews.com upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Royal Bank of Canada restated a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Morgan Stanley decreased their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Barclays dropped their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.00.

American Axle & Manufacturing Stock Down 0.1%

American Axle & Manufacturing stock traded down $0.01 during mid-day trading on Friday, reaching $4.50. The stock had a trading volume of 2,354,701 shares, compared to its average volume of 1,920,747. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.98. The company has a 50-day moving average price of $3.94 and a two-hundred day moving average price of $5.18. The company has a market capitalization of $531.92 million, a price-to-earnings ratio of 16.05 and a beta of 1.71. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

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 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. The business's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS 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.