Shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) rose 6.1% during mid-day trading on Friday . The company traded as high as $15.39 and last traded at $15.37, with a volume of 904,387 shares traded. The stock had previously closed at $14.49.

AXL has been the subject of a number of research analyst reports. Buckingham Research restated a “buy” rating on shares of American Axle & Manufacturing Holdings in a report on Thursday, May 5th. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and decreased their price objective for the stock from $17.00 to $16.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Bank of America Corp. downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Northcoast Research started coverage on shares of American Axle & Manufacturing Holdings in a research report on Tuesday, March 22nd. They set a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

The stock has a market capitalization of $1.17 billion and a P/E ratio of 4.88. The company’s 50-day moving average price is $15.65 and its 200-day moving average price is $15.27.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. During the same quarter in the previous year, the firm earned $0.68 EPS. The firm earned $969.20 million during the quarter, compared to the consensus estimate of $1 billion. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that American Axle & Manufacturing Holdings Inc. will post $3.05 EPS for the current fiscal year.

In other news, VP David A. Culton sold 6,776 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $15.55, for a total transaction of $105,366.80. Following the completion of the sale, the vice president now owns 21,055 shares of the company’s stock, valued at approximately $327,405.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Joseph Lynch sold 5,531 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $15.00, for a total transaction of $82,965.00. Following the sale, the vice president now directly owns 18,561 shares of the company’s stock, valued at approximately $278,415. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in AXL. Rhumbline Advisers raised its stake in American Axle & Manufacturing Holdings by 7.0% in the fourth quarter. Rhumbline Advisers now owns 86,313 shares of the company’s stock valued at $1,635,000 after buying an additional 5,625 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Axle & Manufacturing Holdings by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 581,502 shares of the company’s stock valued at $11,014,000 after buying an additional 7,455 shares during the last quarter. Wells Fargo & Company MN raised its stake in American Axle & Manufacturing Holdings by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 953,700 shares of the company’s stock valued at $18,063,000 after buying an additional 8,836 shares during the last quarter. Bank of Montreal Can raised its stake in American Axle & Manufacturing Holdings by 4.3% in the fourth quarter. Bank of Montreal Can now owns 341,490 shares of the company’s stock valued at $6,469,000 after buying an additional 14,166 shares during the last quarter. Finally, US Bancorp DE raised its stake in American Axle & Manufacturing Holdings by 39.3% in the fourth quarter. US Bancorp DE now owns 58,807 shares of the company’s stock valued at $1,114,000 after buying an additional 16,581 shares during the last quarter.

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

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