Shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) gapped up prior to trading 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 traded.

AXL has been the subject of a number of research analyst reports. Buckingham Research reaffirmed a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. 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 research note on Wednesday, May 11th. 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. Finally, Royal Bank Of Canada raised shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and cut their target price 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.

The stock has a market cap of $1.30 billion and a price-to-earnings ratio of 5.43. The stock’s 50 day moving average price is $15.70 and its 200-day moving average price is $15.06.

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

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

Several hedge funds and institutional investors have modified their holdings of the stock. US Bancorp DE raised its position in shares of 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. Airain ltd acquired a new position in shares of American Axle & Manufacturing Holdings during the fourth quarter valued at about $1,301,000. GSA Capital Partners LLP raised its position 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 valued at $1,417,000 after buying an additional 53,182 shares during the period. Rhumbline Advisers raised its position 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 valued at $1,635,000 after buying an additional 5,625 shares during the period. Finally, Trexquant Investment LP raised its position in shares of 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.