American Axle & Manufact. Holdings, Inc. (AXL) Shares Sold by Allianz Asset Management AG

Allianz Asset Management AG reduced its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,925 shares of the auto parts company’s stock after selling 20,500 shares during the period. Allianz Asset Management AG’s holdings in American Axle & Manufact. Holdings were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AXL. Capstone Asset Management Co. increased its stake in shares of American Axle & Manufact. Holdings by 5.1% in the third quarter. Capstone Asset Management Co. now owns 21,086 shares of the auto parts company’s stock worth $363,000 after buying an additional 1,030 shares during the last quarter. Moody Aldrich Partners LLC increased its stake in shares of American Axle & Manufact. Holdings by 11.6% in the third quarter. Moody Aldrich Partners LLC now owns 78,625 shares of the auto parts company’s stock worth $1,354,000 after buying an additional 8,170 shares during the last quarter. Bank of Montreal Can increased its stake in shares of American Axle & Manufact. Holdings by 80.8% in the third quarter. Bank of Montreal Can now owns 203,291 shares of the auto parts company’s stock worth $3,500,000 after buying an additional 90,845 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of American Axle & Manufact. Holdings by 8.1% in the third quarter. California Public Employees Retirement System now owns 273,700 shares of the auto parts company’s stock worth $4,713,000 after buying an additional 20,400 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of American Axle & Manufact. Holdings by 3.0% in the third quarter. Great West Life Assurance Co. Can now owns 102,802 shares of the auto parts company’s stock worth $1,769,000 after buying an additional 3,032 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) traded down 1.74% on Friday, hitting $16.99. 1,344,247 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $18.56 and a 200-day moving average price of $18.30. The stock has a market cap of $1.30 billion, a P/E ratio of 5.55 and a beta of 1.37. American Axle & Manufact. Holdings, Inc. has a 12 month low of $12.61 and a 12 month high of $21.25.

American Axle & Manufact. Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, February 10th. The auto parts company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.10. The business earned $946.50 million during the quarter, compared to analysts’ expectations of $965.42 million. American Axle & Manufact. Holdings had a return on equity of 54.01% and a net margin of 6.10%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. Equities analysts predict that American Axle & Manufact. Holdings, Inc. will post $3.38 earnings per share for the current fiscal year.

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AXL has been the topic of a number of recent analyst reports. KeyCorp downgraded shares of American Axle & Manufact. Holdings to an “overweight” rating in a report on Wednesday, December 28th. FBR & Co downgraded shares of American Axle & Manufact. Holdings from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 31st. Citigroup Inc downgraded shares of American Axle & Manufact. Holdings from a “buy” rating to a “neutral” rating and raised their target price for the company from $21.00 to $24.00 in a research note on Monday, February 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of American Axle & Manufact. Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, February 14th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.00.

About American Axle & Manufact. Holdings

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.

5 Day Chart for NYSE:AXL

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