Smith Asset Management Group LP cut its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,231 shares of the auto parts company’s stock after selling 150 shares during the period. Smith Asset Management Group LP’s holdings in American Axle & Manufacturing Holdings were worth $2,874,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in American Axle & Manufacturing Holdings by 10.9% in the first quarter. Vanguard Group Inc. now owns 10,690,855 shares of the auto parts company’s stock worth $200,775,000 after buying an additional 1,047,734 shares during the last quarter. BlackRock Inc. raised its stake in American Axle & Manufacturing Holdings by 108,522.5% in the first quarter. BlackRock Inc. now owns 9,678,267 shares of the auto parts company’s stock worth $181,758,000 after buying an additional 9,669,357 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Axle & Manufacturing Holdings by 19.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,004,262 shares of the auto parts company’s stock worth $75,200,000 after buying an additional 651,814 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in American Axle & Manufacturing Holdings by 383.0% in the first quarter. Thrivent Financial For Lutherans now owns 3,132,490 shares of the auto parts company’s stock worth $58,828,000 after buying an additional 2,483,880 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in American Axle & Manufacturing Holdings by 125.7% in the second quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock valued at $44,061,000 after buying an additional 1,572,958 shares in the last quarter.

American Axle & Manufacturing Holdings, Inc. (AXL) opened at 14.35 on Friday. The firm’s 50-day moving average is $15.40 and its 200 day moving average is $17.37. The stock has a market capitalization of $1.60 billion, a P/E ratio of 4.94 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $12.61 and a 12-month high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. American Axle & Manufacturing Holdings’s revenue was up 71.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. Equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

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Several analysts recently commented on AXL shares. CLSA started coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price target on the stock. BidaskClub upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Bank of America Corporation restated an “underperform” rating and set a $11.00 price target (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research report on Friday, June 16th. Finally, Guggenheim started coverage on shares of American Axle & Manufacturing Holdings in a research report on Wednesday, June 21st. They set a “buy” rating and a $18.00 price target on the stock. Four analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. American Axle & Manufacturing Holdings presently has an average rating of “Hold” and a consensus price target of $19.90.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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