Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.00.

Several research analysts have recently weighed in on AXL shares. Zacks Investment Research downgraded American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Off Wall Street started coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th.

American Axle & Manufacturing Holdings (NYSE:AXL) traded up 2.13% during midday trading on Friday, hitting $18.70. 1,706,924 shares of the stock traded hands. American Axle & Manufacturing Holdings has a 12 month low of $12.61 and a 12 month high of $21.25. The company’s 50 day moving average price is $16.88 and its 200 day moving average price is $16.03. The firm has a market cap of $2.08 billion, a PE ratio of 6.44 and a beta of 1.38.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business’s quarterly revenue was up 71.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. Equities research analysts predict that American Axle & Manufacturing Holdings will post $3.30 earnings per share for the current fiscal year.

In related news, Director George Thanopoulos sold 125,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC acquired a new position in American Axle & Manufacturing Holdings in the 3rd quarter valued at $1,398,000. Dynamic Technology Lab Private Ltd acquired a new position in American Axle & Manufacturing Holdings in the 2nd quarter valued at $354,000. Public Employees Retirement System of Ohio raised its stake in American Axle & Manufacturing Holdings by 13.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 895 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in American Axle & Manufacturing Holdings in the 2nd quarter valued at $281,000. Finally, Kalos Management Inc. raised its stake in American Axle & Manufacturing Holdings by 22.5% in the 2nd quarter. Kalos Management Inc. now owns 19,147 shares of the auto parts company’s stock valued at $298,000 after purchasing an additional 3,516 shares during the last quarter.

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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.

Analyst Recommendations for American Axle & Manufacturing Holdings (NYSE:AXL)

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