American Axle & Manufacturing Holdings Inc. (NYSE:AXL) saw unusually-strong trading volume on Tuesday . Approximately 2,107,515 shares traded hands during trading, an increase of 56% from the previous session’s volume of 1,349,932 shares.The stock last traded at $15.79 and had previously closed at $16.35.

Several research analysts have recently weighed in on AXL shares. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, May 11th. Buckingham Research reiterated a “buy” rating on shares of American Axle & Manufacturing Holdings in a report on Thursday, May 5th. Bank of America Corp. lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Northcoast Research started coverage on shares of American Axle & Manufacturing Holdings in a report on Tuesday, March 22nd. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada upgraded shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and cut 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. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

The stock has a market capitalization of $1.21 billion and a P/E ratio of 5.06. The stock’s 50 day moving average is $15.68 and its 200 day moving average is $15.05.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings results on Friday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. During the same period in the prior year, the business posted $0.68 EPS. The company earned $969.20 million during the quarter, compared to analysts’ expectations of $1 billion. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.06 EPS for the current fiscal year.

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

A number of institutional investors have added to or reduced their stakes in AXL. US Bancorp DE boosted its position 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 period. GSA Capital Partners LLP boosted its position in 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 valued at $1,417,000 after buying an additional 53,182 shares during the period. Rhumbline Advisers boosted its position 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 period. Trexquant Investment LP boosted its position in American Axle & Manufacturing Holdings by 150.0% in the fourth quarter. Trexquant Investment LP now owns 97,143 shares of the company’s stock valued at $1,840,000 after buying an additional 58,280 shares during the period. Finally, Bank of Montreal Can boosted its position 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 period.

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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