Barrow Hanley Mewhinney & Strauss LLC Sells 315,370 Shares of American Axle & Manufacturing Holdings, Inc. $DCH

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,321,753 shares of the auto parts company’s stock after selling 315,370 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 4.48% of American Axle & Manufacturing worth $31,984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Inceptionr LLC bought a new position in shares of American Axle & Manufacturing in the third quarter worth approximately $119,000. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of American Axle & Manufacturing by 46.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 16,914 shares of the auto parts company’s stock worth $102,000 after buying an additional 5,388 shares during the last quarter. First Trust Advisors LP bought a new position in American Axle & Manufacturing in the 3rd quarter worth $2,228,000. Barclays PLC grew its stake in American Axle & Manufacturing by 30.8% during the third quarter. Barclays PLC now owns 564,745 shares of the auto parts company’s stock valued at $3,394,000 after acquiring an additional 132,842 shares in the last quarter. Finally, Highland Peak Capital LLC increased its stake in American Axle & Manufacturing by 72.7% during the third quarter. Highland Peak Capital LLC now owns 4,909,688 shares of the auto parts company’s stock worth $29,507,000 after acquiring an additional 2,066,924 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. UBS Group upped their price target on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $7.00 price target on shares of American Axle & Manufacturing in a research report on Monday, December 8th. Stifel Nicolaus raised their target price on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings lowered American Axle & Manufacturing from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, February 19th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.12.

American Axle & Manufacturing Trading Up 0.4%

DCH stock opened at $5.59 on Thursday. The company has a market cap of $1.32 billion, a PE ratio of -31.05, a P/E/G ratio of 0.60 and a beta of 1.61. The company has a debt-to-equity ratio of 6.31, a current ratio of 2.95 and a quick ratio of 2.57. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $9.25.

American Axle & Manufacturing (NYSE:DCH) last posted its earnings results on Friday, February 13th. The auto parts company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The firm had revenue of $1.38 billion during the quarter. American Axle & Manufacturing had a negative net margin of 0.34% and a positive return on equity of 10.00%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.