Barrow Hanley Mewhinney & Strauss LLC Cuts Stock Position in American Axle & Manufacturing Holdings, Inc. $DCH

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 4.48% of American Axle & Manufacturing worth $31,984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DCH. Hantz Financial Services Inc. boosted its stake in American Axle & Manufacturing by 267.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 3,191 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in American Axle & Manufacturing during the second quarter valued at $47,000. Shay Capital LLC bought a new stake in American Axle & Manufacturing in the 2nd quarter valued at $102,000. Inceptionr LLC purchased a new stake in American Axle & Manufacturing in the 3rd quarter worth $119,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of American Axle & Manufacturing by 8.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 2,243 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 0.4%

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

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

Analysts Set New Price Targets

A number of research firms recently commented on DCH. Bank of America assumed coverage on American Axle & Manufacturing in a research report on Wednesday, March 4th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. UBS Group boosted 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. Royal Bank Of Canada decreased their price target on shares of American Axle & Manufacturing from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group initiated coverage on shares of American Axle & Manufacturing in a research note on Thursday, February 19th. They issued a “buy” rating and a $10.35 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.12.

American Axle & Manufacturing 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.