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

Several research analysts recently commented on the stock. Northcoast Research assumed coverage on shares of American Axle & Manufacturing Holdings in a report on Tuesday, March 22nd. They issued a “neutral” rating on the stock. Zacks Investment Research lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Bank of America Corp. lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $17.00 to $16.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Buckingham Research reiterated a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and an average target price of $20.00.

The company has a 50-day moving average price of $15.66 and a 200-day moving average price of $15.24. The firm has a market capitalization of $1.17 billion and a PE ratio of 4.88.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm earned $969.20 million during the quarter, compared to the consensus estimate of $1 billion. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.05 EPS for the current year.

In related news, VP David A. Culton sold 6,776 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $15.55, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael Joseph Lynch sold 5,531 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $15.00, for a total value 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.

Other large investors recently made changes to their positions in the company. GSA Capital Partners LLP boosted its stake in shares of American Axle & Manufacturing Holdings by 246.1% in the fourth quarter. GSA Capital Partners LLP now owns 74,789 shares of the company’s stock worth $1,417,000 after buying an additional 53,182 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of American Axle & Manufacturing Holdings by 7.0% in the fourth quarter. Rhumbline Advisers now owns 86,313 shares of the company’s stock worth $1,635,000 after buying an additional 5,625 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 21.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,048,329 shares of the company’s stock worth $19,854,000 after buying an additional 184,433 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of American Axle & Manufacturing Holdings during the fourth quarter worth about $2,540,000. Finally, Bank of Montreal Can boosted its stake in shares of 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 worth $6,469,000 after buying an additional 14,166 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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