Shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) rose 3% during trading on Wednesday . The stock traded as high as $16.44 and last traded at $16.26, with a volume of 710,232 shares changing hands. The stock had previously closed at $15.79.

Several equities analysts recently weighed in on AXL shares. 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. Bank of America Corp. lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, May 11th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $17.00 to $16.00 in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Buckingham Research restated a “buy” rating on shares of American Axle & Manufacturing Holdings in a research report on Thursday, May 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has an average rating of “Hold” and a consensus target price of $20.00.

The stock has a 50 day moving average price of $15.68 and a 200 day moving average price of $15.05. The stock has a market cap of $1.26 billion and a PE ratio of 5.26.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm had revenue of $969.20 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing Holdings Inc. will post $3.06 EPS for the current year.

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

A number of hedge funds recently added to or reduced their stakes in AXL. 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. Airain ltd bought a new stake in American Axle & Manufacturing Holdings during the fourth quarter valued at $1,301,000. GSA Capital Partners LLP raised its stake 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 last quarter. 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. Finally, Trexquant Investment LP raised its stake 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 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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