US Bancorp DE Trims Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

US Bancorp DE lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 18.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,640 shares of the auto parts company’s stock after selling 10,601 shares during the quarter. US Bancorp DE’s holdings in American Axle & Manufacturing were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AXL. Marshall Wace LLP increased its holdings in shares of American Axle & Manufacturing by 201.2% during the 4th quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company’s stock worth $7,267,000 after buying an additional 832,726 shares during the last quarter. Lonestar Capital Management LLC acquired a new stake in American Axle & Manufacturing in the 4th quarter valued at $3,893,000. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 664,922 shares in the last quarter. Whitebox Advisors LLC increased its holdings in American Axle & Manufacturing by 33.7% in the 4th 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. Finally, HITE Hedge Asset Management LLC acquired a new stake in American Axle & Manufacturing in the 4th quarter valued at $2,006,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXL has been the subject of several recent analyst reports. UBS Group restated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Wall Street Zen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Finally, Cowen reaffirmed a “hold” rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average target price of $6.25.

American Axle & Manufacturing Trading Down 1.4%

American Axle & Manufacturing stock opened at $5.74 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market cap of $681.11 million, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.65 and a beta of 1.59. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.03. The firm’s 50 day moving average price is $4.59 and its two-hundred day moving average price is $4.44.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company posted $0.19 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS 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.