American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,269,263 shares of the auto parts company’s stock after buying an additional 120,242 shares during the quarter. Northern Trust Corp owned 1.08% of American Axle & Manufacturing worth $7,400,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Lonestar Capital Management LLC acquired a new position in American Axle & Manufacturing in the fourth quarter worth $3,893,000. Aquatic Capital Management LLC grew its position in shares of American Axle & Manufacturing by 100.0% during the 4th quarter. Aquatic Capital Management LLC now owns 88,583 shares of the auto parts company’s stock valued at $516,000 after buying an additional 44,283 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in American Axle & Manufacturing during the fourth quarter worth about $76,000. Susquehanna Fundamental Investments LLC bought a new position in American Axle & Manufacturing in the fourth quarter worth about $81,000. Finally, Miller Value Partners LLC boosted its stake in American Axle & Manufacturing by 126.7% in the fourth quarter. Miller Value Partners LLC now owns 529,590 shares of the auto parts company’s stock valued at $3,088,000 after acquiring an additional 295,950 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group reduced their price objective on American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a report on Monday. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Barclays cut their price target on 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. Finally, StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Axle & Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $5.93.

American Axle & Manufacturing Stock Performance

NYSE:AXL opened at $4.54 on Tuesday. 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 firm has a market cap of $537.24 million, a price-to-earnings ratio of 16.21 and a beta of 1.71. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.98. The company has a 50-day moving average of $3.94 and a 200-day moving average of $5.15.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

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.