10,178 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by Ethic Inc.

Ethic Inc. bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,178 shares of the auto parts company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AXL. EMC Capital Management boosted its holdings in shares of American Axle & Manufacturing by 151.4% in the 4th quarter. EMC Capital Management now owns 23,005 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 13,856 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of American Axle & Manufacturing by 5.1% in the 4th quarter. Empowered Funds LLC now owns 551,116 shares of the auto parts company’s stock worth $3,213,000 after purchasing an additional 26,890 shares in the last quarter. Entropy Technologies LP boosted its holdings in shares of American Axle & Manufacturing by 288.5% in the 4th quarter. Entropy Technologies LP now owns 59,633 shares of the auto parts company’s stock worth $348,000 after purchasing an additional 44,282 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American Axle & Manufacturing by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company’s stock worth $3,324,000 after purchasing an additional 15,976 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of American Axle & Manufacturing by 80.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company’s stock worth $377,000 after purchasing an additional 28,804 shares in the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AXL. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. UBS Group lowered their target price on 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, Morgan Stanley lowered their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

American Axle & Manufacturing Trading Down 0.1%

NYSE AXL opened at $4.50 on Monday. 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 current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The stock has a 50-day moving average of $3.94 and a 200-day moving average of $5.16. The firm has a market cap of $531.92 million, a PE ratio of 16.05 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts forecast 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.