James Investment Research Inc. Decreases Position in American Axle & Manufact. Holdings, Inc. (AXL)

James Investment Research Inc. decreased its position in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 39.4% in the first quarter, HoldingsChannel.com reports. The firm owned 117,270 shares of the auto parts company’s stock after selling 76,380 shares during the quarter. James Investment Research Inc.’s holdings in American Axle & Manufact. were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in American Axle & Manufact. in the first quarter valued at approximately $33,000. O Shaughnessy Asset Management LLC acquired a new position in American Axle & Manufact. in the fourth quarter valued at approximately $45,000. Dubuque Bank & Trust Co. acquired a new position in American Axle & Manufact. in the fourth quarter valued at approximately $48,000. Advisory Services Network LLC lifted its holdings in American Axle & Manufact. by 535.0% in the fourth quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 3,756 shares during the period. Finally, Advisor Group Inc. lifted its holdings in American Axle & Manufact. by 119.8% in the fourth quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 2,726 shares during the period. 98.64% of the stock is owned by institutional investors.

Shares of AXL opened at $15.35 on Monday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.50 and a quick ratio of 1.16. American Axle & Manufact. Holdings, Inc. has a one year low of $10.13 and a one year high of $19.34. The company has a market cap of $1.72 billion, a P/E ratio of 4.68, a PEG ratio of 0.65 and a beta of 1.66.

American Axle & Manufact. (NYSE:AXL) last issued its earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, equities analysts predict that American Axle & Manufact. Holdings, Inc. will post 2.91 EPS for the current year.

A number of research analysts have issued reports on the company. Barclays reissued a “buy” rating and issued a $21.00 price target on shares of American Axle & Manufact. in a report on Sunday, March 31st. TheStreet downgraded American Axle & Manufact. from a “b-” rating to a “c” rating in a report on Monday, March 25th. ValuEngine downgraded American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, Bank of America raised American Axle & Manufact. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.00 to $20.00 in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.00.

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

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About American Axle & Manufact.

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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