American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Stock Position Lowered by LSV Asset Management

LSV Asset Management lessened its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 771,894 shares of the auto parts company's stock after selling 577,906 shares during the quarter. LSV Asset Management owned about 0.66% of American Axle & Manufacturing worth $4,500,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dana Investment Advisors Inc. boosted its stake in shares of American Axle & Manufacturing by 30.4% in the fourth 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. American Century Companies Inc. boosted its position in American Axle & Manufacturing by 12.4% in the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after buying an additional 426,933 shares during the last quarter. Trexquant Investment LP grew its stake in shares of American Axle & Manufacturing by 23.4% during the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock valued at $5,109,000 after acquiring an additional 165,905 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing during the third quarter worth about $62,000. Finally, Barclays PLC lifted its stake in shares of American Axle & Manufacturing by 274.4% in the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock worth $1,234,000 after acquiring an additional 146,430 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AXL shares. Royal Bank of Canada restated a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Barclays cut their price target 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. Cowen began coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They set a "hold" rating for the company. Finally, Morgan Stanley dropped their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.25.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL traded up $0.11 during midday trading on Friday, hitting $3.33. The company's stock had a trading volume of 2,204,616 shares, compared to its average volume of 1,784,003. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98. The firm's fifty day moving average price is $4.35 and its 200-day moving average price is $5.46. The firm has a market cap of $393.46 million, a P/E ratio of 11.88 and a beta of 1.70.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm posted ($0.09) EPS. American Axle & Manufacturing's quarterly revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.