American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 540,095 shares of the auto parts company’s stock after selling 65,130 shares during the period. Alliancebernstein L.P.’s holdings in American Axle & Manufacturing were worth $3,149,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AXL. Vanguard Group Inc. lifted its stake in American Axle & Manufacturing by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock valued at $91,608,000 after buying an additional 462,847 shares during the last quarter. State Street Corp lifted its holdings in American Axle & Manufacturing by 0.5% in the 3rd quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after acquiring an additional 23,538 shares during the last quarter. American Century Companies Inc. boosted its position in shares of American Axle & Manufacturing by 12.4% during 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 purchasing an additional 426,933 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Axle & Manufacturing by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock valued at $16,411,000 after purchasing an additional 21,054 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its position in shares of American Axle & Manufacturing by 30.4% during the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company’s stock valued at $6,399,000 after acquiring an additional 256,150 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AXL. Morgan Stanley cut their price target 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 reduced 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. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They set a “hold” rating and a $5.00 target price on the stock. Finally, Barclays reduced their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $6.38.

American Axle & Manufacturing Stock Up 1.7 %

NYSE:AXL opened at $3.22 on Wednesday. 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 52-week low of $3.00 and a 52-week high of $7.98. The company has a market cap of $380.44 million, a price-to-earnings ratio of 11.48 and a beta of 1.70. The stock’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $5.51.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned ($0.09) EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current 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.