American Axle & Manufacturing Holdings Inc. (NYSE:AXL) saw unusually-strong trading volume on Thursday . Approximately 2,256,776 shares were traded during mid-day trading, an increase of 137% from the previous session’s volume of 950,501 shares.The stock last traded at $16.81 and had previously closed at $17.14.

Several analysts have recently commented on AXL shares. Bank of America Corp. downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Zacks Investment Research downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 8th. RBC Capital Markets downgraded shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $16.00 to $17.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Royal Bank Of Canada downgraded shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $16.00 to $17.00 in a report on Monday, August 1st. Finally, Barclays PLC upped their price objective on shares of American Axle & Manufacturing Holdings from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, August 2nd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.11.

The firm has a 50-day moving average price of $17.26 and a 200-day moving average price of $15.86. The company has a market capitalization of $1.33 billion and a P/E ratio of 5.32.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 29th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. On average, 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 the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $17.56, for a total transaction of $326,984.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in American Axle & Manufacturing Holdings stock. Principal Financial Group Inc. raised its position in American Axle & Manufacturing Holdings Inc. (NYSE:AXL) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,502 shares of the company’s stock after buying an additional 7,455 shares during the period. Principal Financial Group Inc. owned 0.76% of American Axle & Manufacturing Holdings worth $11,014,000 at the end of the most recent reporting 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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