Thrivent Financial for Lutherans Has $1.75 Million Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Thrivent Financial for Lutherans cut its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,426 shares of the auto parts company’s stock after selling 85,641 shares during the period. Thrivent Financial for Lutherans’ holdings in American Axle & Manufacturing were worth $1,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of American Axle & Manufacturing during the third quarter valued at $62,000. Cibc World Markets Corp bought a new position in American Axle & Manufacturing during the 4th quarter worth $63,000. Zacks Investment Management acquired a new position in American Axle & Manufacturing during the 3rd quarter worth about $70,000. Quarry LP grew its position 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 valued at $74,000 after buying an additional 4,098 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $80,000. 91.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXL has been the topic of several analyst reports. Cowen started coverage on American Axle & Manufacturing in a report on Thursday, March 6th. They issued a “hold” rating on the stock. StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Barclays dropped their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, TD Cowen started coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They set a “hold” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $4.15 on Friday. The stock has a market cap of $490.49 million, a price-to-earnings ratio of 14.80 and a beta of 1.85. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.98. The firm’s 50-day simple moving average is $5.03 and its 200 day simple moving average is $5.76.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned ($0.09) EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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.