8,888 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,888 shares of the auto parts company’s stock, valued at approximately $51,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ethic Inc. acquired a new position in American Axle & Manufacturing during the fourth quarter worth $59,000. Ground Swell Capital LLC purchased a new position in American Axle & Manufacturing in the 4th quarter valued at about $61,000. Cibc World Markets Corp acquired a new stake in American Axle & Manufacturing in the 4th quarter worth about $63,000. Oxford Asset Management LLP purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $76,000. Finally, Polymer Capital Management US LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Analysts Set New Price Targets

AXL has been the topic of a number of research analyst reports. TD Cowen initiated coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They issued a “hold” rating and a $5.00 price target on the stock. Morgan Stanley cut their price target on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Monday, May 19th. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Finally, UBS Group decreased their price target on American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.93.

American Axle & Manufacturing Trading Down 2.5%

Shares of AXL stock opened at $4.27 on Monday. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.76. The company has a 50 day moving average price of $3.93 and a 200 day moving average price of $5.11. The stock has a market capitalization of $506.69 million, a P/E ratio of 15.25 and a beta of 1.71. 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 (NYSE:AXL) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm 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 was down 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal 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.