American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Holdings Lifted by Barclays PLC

Barclays PLC raised its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,899 shares of the auto parts company’s stock after acquiring an additional 52,104 shares during the quarter. Barclays PLC owned 0.21% of American Axle & Manufacturing worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AXL. Cibc World Markets Corp bought a new stake in American Axle & Manufacturing during the fourth quarter worth approximately $63,000. Polymer Capital Management US LLC bought a new stake in shares of American Axle & Manufacturing during the 4th quarter worth $77,000. AXQ Capital LP bought a new stake in shares of American Axle & Manufacturing during the 4th quarter worth $77,000. Virtu Financial LLC acquired a new position in shares of American Axle & Manufacturing in the 4th quarter worth $89,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter valued at $122,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 5.0 %

NYSE:AXL opened at $3.99 on Friday. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The company has a market capitalization of $472.15 million, a P/E ratio of 14.25 and a beta of 1.70. The stock’s 50 day moving average price is $4.01 and its 200 day moving average price is $5.28. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was down 12.2% on a year-over-year basis. On average, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AXL. Royal Bank of Canada reissued a “sector perform” rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 price target on the stock. UBS Group decreased 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. Morgan Stanley reduced their target price 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, StockNews.com lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.25.

About American Axle & Manufacturing

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.