American Axle & Manufacturing Holdings Inc. (NYSE:AXL)’s share price traded down 4.4% during trading on Thursday . The company traded as low as $16.02 and last traded at $16.57, with a volume of 1,389,279 shares traded. The stock had previously closed at $17.33.

AXL has been the topic of a number of recent research reports. Bank of America Corp. downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note 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 objective on the stock in a research note on Wednesday, May 11th. Buckingham Research reiterated a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. Finally, 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.00.

The company has a market capitalization of $1.27 billion and a price-to-earnings ratio of 5.33. The company has a 50 day moving average of $15.75 and a 200-day moving average of $15.08.

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

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

A number of large investors have made changes to their positions in AXL. Airain ltd acquired a new stake in shares of American Axle & Manufacturing Holdings during the fourth quarter valued at $1,301,000. Trexquant Investment LP increased its stake 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 last quarter. US Bancorp DE increased its stake 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 last quarter. Marshall Wace LLP acquired a new stake in shares of American Axle & Manufacturing Holdings during the fourth quarter valued at $9,692,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of American Axle & Manufacturing Holdings by 4.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,150,000 shares of the company’s stock valued at $21,781,000 after buying an additional 50,000 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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