American Axle & Manufacturing Holdings Inc. (NYSE:AXL)’s share price was 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 changing hands. The stock had previously closed at $17.60.

Several equities analysts have weighed in on AXL shares. Zacks Investment Research raised American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, May 11th. Buckingham Research restated a “buy” rating on shares of American Axle & Manufacturing Holdings in a report on Thursday, May 5th. Barclays PLC increased their price target 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. downgraded 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 lowered their price target 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and a consensus target price of $19.11.

The company’s 50-day moving average is $17.07 and its 200 day moving average is $15.72. The company has a market capitalization of $1.31 billion and a PE ratio of 5.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, July 29th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities analysts predict that American Axle & Manufacturing Holdings Inc. will post $3.14 EPS for the current fiscal year.

In other American Axle & Manufacturing Holdings news, VP John S. Sofia sold 18,621 shares of American Axle & Manufacturing Holdings stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $17.56, for a total transaction of $326,984.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Other hedge funds and institutional investors recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of 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 valued at $11,014,000 after buying an additional 7,455 shares during the last quarter. US Bancorp DE increased 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 worth $1,114,000 after buying an additional 16,581 shares in the last quarter. Airain ltd acquired a new position in shares of American Axle & Manufacturing Holdings during the fourth quarter worth about $1,301,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Axle & Manufacturing Holdings during the fourth quarter worth about $1,883,000.

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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