American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Stock Holdings Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,205,263 shares of the auto parts company’s stock after selling 357,290 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American Axle & Manufacturing were worth $12,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV grew its position in American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth approximately $62,000. Zacks Investment Management acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth approximately $70,000. Quarry LP lifted its stake in shares of American Axle & Manufacturing by 51.9% in the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after acquiring an additional 4,098 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth approximately $80,000. Institutional investors own 91.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AXL shares. UBS Group cut their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays dropped their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Finally, Cowen assumed coverage on shares of American Axle & Manufacturing in a research note on Thursday, March 6th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Trading Down 4.2 %

AXL opened at $4.45 on Friday. The firm’s fifty day moving average is $5.17 and its two-hundred day moving average is $5.82. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a market cap of $522.65 million, a PE ratio of 15.88 and a beta of 1.85. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.38 and a twelve month high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.