American Axle & Manufacturing Holdings Inc. (NYSE:AXL) shares were down 2.6% on Thursday . The stock traded as low as $17.03 and last traded at $17.14, with a volume of 645,960 shares traded. The stock had previously closed at $17.60.

Several research firms recently issued reports on AXL. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, May 11th. Buckingham Research reiterated a “buy” rating on shares of American Axle & Manufacturing Holdings in a report on Thursday, May 5th. Barclays PLC upped their target price on American Axle & Manufacturing Holdings from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 2nd. Bank of America Corp. lowered American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Royal Bank Of Canada upgraded American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from $17.00 to $16.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. American Axle & Manufacturing Holdings presently has a consensus rating of “Hold” and an average target price of $19.11.

The stock’s 50 day moving average is $16.92 and its 200-day moving average is $15.67. The firm has a market cap of $1.31 billion and a PE ratio of 5.23.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. During the same period last year, the company posted $0.75 earnings per share. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. The business’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.14 EPS for the current fiscal year.

In related news, VP John S. Sofia sold 18,621 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $17.56, for a total value of $326,984.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other institutional investors recently added to or reduced their stakes in the company. 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 last quarter. Airain ltd bought a new position in American Axle & Manufacturing Holdings during the fourth quarter worth about $1,301,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in American Axle & Manufacturing Holdings during the fourth quarter worth about $1,883,000. Principal Financial Group Inc. increased its position in American Axle & Manufacturing Holdings by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 581,502 shares of the company’s stock worth $11,014,000 after buying an additional 7,455 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position 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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