American Axle & Manufact. Holdings, Inc. (AXL) Position Lessened by Hancock Whitney Corp

Hancock Whitney Corp lessened its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 38.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,001 shares of the auto parts company’s stock after selling 15,728 shares during the period. Hancock Whitney Corp’s holdings in American Axle & Manufact. were worth $278,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of American Axle & Manufact. by 12.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,724,424 shares of the auto parts company’s stock worth $41,341,000 after buying an additional 426,825 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of American Axle & Manufact. in the fourth quarter worth $301,000. Cipher Capital LP raised its position in shares of American Axle & Manufact. by 34.8% in the fourth quarter. Cipher Capital LP now owns 20,824 shares of the auto parts company’s stock worth $232,000 after buying an additional 5,373 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of American Axle & Manufact. in the fourth quarter worth $770,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of American Axle & Manufact. in the fourth quarter worth $3,735,000. Institutional investors own 98.64% of the company’s stock.

A number of brokerages recently issued reports on AXL. ValuEngine upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Bank of America upgraded American Axle & Manufact. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $20.00 in a research report on Wednesday, February 20th. Royal Bank of Canada increased their price objective on American Axle & Manufact. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Finally, TheStreet upgraded American Axle & Manufact. from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. American Axle & Manufact. has a consensus rating of “Hold” and a consensus price target of $18.00.

AXL opened at $15.03 on Tuesday. The stock has a market capitalization of $1.60 billion, a PE ratio of 4.35, a P/E/G ratio of 0.61 and a beta of 1.67. The company has a current ratio of 1.50, a quick ratio of 1.16 and a debt-to-equity ratio of 2.48. American Axle & Manufact. Holdings, Inc. has a 12 month low of $10.13 and a 12 month high of $19.34.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings data on Friday, February 15th. The auto parts company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. American Axle & Manufact. had a positive return on equity of 22.35% and a negative net margin of 0.79%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, analysts predict that American Axle & Manufact. Holdings, Inc. will post 2.92 earnings per share for the current year.

In other news, insider Tolga I. Oal sold 14,876 shares of American Axle & Manufact. stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $14.47, for a total value of $215,255.72. Following the transaction, the insider now owns 97,430 shares in the company, valued at $1,409,812.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Alberto L. Satine sold 15,033 shares of American Axle & Manufact. stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $16.75, for a total value of $251,802.75. Following the completion of the transaction, the senior vice president now owns 59,420 shares in the company, valued at approximately $995,285. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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