American Axle & Manufacturing Holdings, Inc. $AXL Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 55.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,800 shares of the auto parts company’s stock after selling 308,500 shares during the quarter. LSV Asset Management’s holdings in American Axle & Manufacturing were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in American Axle & Manufacturing during the 2nd quarter worth about $120,000. PSquared Asset Management AG increased its stake in shares of American Axle & Manufacturing by 99.9% during the second quarter. PSquared Asset Management AG now owns 369,395 shares of the auto parts company’s stock worth $1,507,000 after buying an additional 184,570 shares during the period. American Century Companies Inc. raised its holdings in American Axle & Manufacturing by 6.9% in the second quarter. American Century Companies Inc. now owns 4,578,385 shares of the auto parts company’s stock valued at $18,680,000 after acquiring an additional 294,805 shares in the last quarter. AXQ Capital LP purchased a new position in American Axle & Manufacturing in the second quarter worth approximately $291,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in American Axle & Manufacturing by 615.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company’s stock worth $7,669,000 after acquiring an additional 1,617,069 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of AXL opened at $9.18 on Tuesday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.77 and a quick ratio of 1.43. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $9.00. The stock has a market cap of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60. The firm has a fifty day moving average price of $7.52 and a 200 day moving average price of $6.51.

Wall Street Analyst Weigh In

AXL has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. Morgan Stanley set a $7.00 price target on American Axle & Manufacturing in a research note on Monday, December 8th. BWS Financial began coverage on American Axle & Manufacturing in a research report on Tuesday, January 27th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.