American Axle & Manufacturing Holdings Inc. (NYSE:AXL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $16.39, but opened at $16.41. American Axle & Manufacturing Holdings shares last traded at $16.90, with a volume of 960,093 shares trading hands.

Several equities analysts recently issued reports on AXL shares. Zacks Investment Research raised 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 report on Wednesday, May 11th. Buckingham Research reissued a “buy” rating on shares of American Axle & Manufacturing Holdings in a report on Thursday, May 5th. 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, Royal Bank Of Canada raised shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $17.00 to $16.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.00.

The firm has a market capitalization of $1.30 billion and a price-to-earnings ratio of 5.43. The firm has a 50 day moving average price of $15.69 and a 200-day moving average price of $15.07.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings data on Friday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The firm had revenue of $969.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company’s quarterly 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 other American Axle & Manufacturing Holdings news, VP Michael Joseph Lynch sold 5,531 shares of the 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 in the company, valued at $278,415. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David A. Culton sold 6,776 shares of the stock in a transaction dated 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 $327,405.25. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in AXL. Rhumbline Advisers increased 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. GSA Capital Partners LLP increased 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 worth $1,417,000 after buying an additional 53,182 shares during the last quarter. Morgan Stanley increased its stake in American Axle & Manufacturing Holdings by 14.3% in the fourth quarter. Morgan Stanley now owns 547,996 shares of the company’s stock worth $10,378,000 after buying an additional 68,570 shares during the last quarter. Bank of Montreal Can increased 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 worth $6,469,000 after buying an additional 14,166 shares during the last quarter. Finally, Wells Fargo & Company MN increased 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 worth $18,063,000 after buying an additional 8,836 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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