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

Several analysts have weighed in on the company. Buckingham Research reaffirmed a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. Royal Bank Of Canada raised 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. Zacks Investment Research downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Bank of America Corp. downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.00.

The stock has a 50-day moving average price of $15.76 and a 200 day moving average price of $15.09. The company has a market cap of $1.33 billion and a price-to-earnings ratio of 5.58.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings results on Friday, July 29th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that American Axle & Manufacturing Holdings Inc. will post $3.06 earnings per share for the current fiscal year.

In other American Axle & Manufacturing Holdings news, VP David A. Culton sold 6,776 shares of the company’s 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 transaction, the vice president now owns 21,055 shares of the company’s stock, valued at approximately $327,405.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael Joseph Lynch sold 5,531 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $15.00, for a total value of $82,965.00. Following 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.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Airain ltd purchased a new position in American Axle & Manufacturing Holdings during the fourth quarter valued at about $1,301,000. Trexquant Investment LP increased 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 worth $1,840,000 after buying an additional 58,280 shares during the period. US Bancorp DE increased 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 worth $1,114,000 after buying an additional 16,581 shares during the period. Marshall Wace LLP bought a new position in American Axle & Manufacturing Holdings during the fourth quarter worth $9,692,000. Finally, State of New Jersey Common Pension Fund D increased its position in 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 worth $21,781,000 after buying an additional 50,000 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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