Vanguard Group Inc. Has $101.31 Million Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Vanguard Group Inc. raised its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,954,294 shares of the auto parts company's stock after purchasing an additional 144,529 shares during the period. Vanguard Group Inc. owned 11.92% of American Axle & Manufacturing worth $101,308,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners purchased a new position in American Axle & Manufacturing in the third quarter valued at approximately $2,833,000. Barclays PLC grew its position in shares of American Axle & Manufacturing by 522.6% during the third quarter. Barclays PLC now owns 1,122,458 shares of the auto parts company's stock worth $8,149,000 after acquiring an additional 942,186 shares during the last quarter. AQR Capital Management LLC grew its position in shares of American Axle & Manufacturing by 25.8% during the third quarter. AQR Capital Management LLC now owns 949,974 shares of the auto parts company's stock worth $6,897,000 after acquiring an additional 194,863 shares during the last quarter. American Century Companies Inc. grew its position in shares of American Axle & Manufacturing by 15.1% during the third quarter. American Century Companies Inc. now owns 1,859,737 shares of the auto parts company's stock worth $13,502,000 after acquiring an additional 243,924 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of American Axle & Manufacturing by 1.1% during the third quarter. Swiss National Bank now owns 257,300 shares of the auto parts company's stock worth $1,868,000 after acquiring an additional 2,900 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AXL. UBS Group upgraded shares of American Axle & Manufacturing from a "sell" rating to a "neutral" rating and set a $7.00 target price on the stock in a research report on Wednesday, February 28th. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.70.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded up $0.17 during midday trading on Friday, reaching $7.27. The company's stock had a trading volume of 955,634 shares, compared to its average volume of 1,920,775. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67. The stock's 50 day simple moving average is $7.38 and its 200 day simple moving average is $7.47. The firm has a market capitalization of $853.93 million, a PE ratio of -25.96, a P/E/G ratio of 2.84 and a beta of 2.22.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.10. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.32 earnings per share for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.