BNP Paribas Financial Markets Has $278,000 Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

BNP Paribas Financial Markets cut its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,719 shares of the auto parts company’s stock after selling 8,986 shares during the period. BNP Paribas Financial Markets’ holdings in American Axle & Manufacturing were worth $278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXL. Whitebox Advisors LLC raised its stake in American Axle & Manufacturing by 33.7% in the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company’s stock valued at $11,035,000 after purchasing an additional 477,550 shares in the last quarter. Dana Investment Advisors Inc. raised its position in shares of American Axle & Manufacturing by 30.4% in 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 buying an additional 256,150 shares in the last quarter. American Century Companies Inc. raised its position in shares of American Axle & Manufacturing by 12.4% in 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 buying an additional 426,933 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company’s stock valued at $4,586,000 after buying an additional 664,922 shares in the last quarter. Finally, Trexquant Investment LP raised its position in American Axle & Manufacturing by 23.4% during the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company’s stock valued at $5,109,000 after purchasing an additional 165,905 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on AXL shares. Wall Street Zen upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley lowered 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. TD Cowen assumed coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a “hold” rating and a $5.00 target price for the company. Cowen reissued a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.93.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock opened at $4.42 on Wednesday. The business has a 50 day moving average of $3.92 and a 200-day moving average of $5.08. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.76. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The company has a market capitalization of $524.49 million, a P/E ratio of 15.79 and a beta of 1.71.

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