LSV Asset Management Trims Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

LSV Asset Management lowered its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,548,800 shares of the auto parts company’s stock after selling 104,800 shares during the period. LSV Asset Management’s holdings in American Axle & Manufacturing were worth $10,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sona Asset Management US LLC bought a new position in American Axle & Manufacturing during the 1st quarter worth approximately $7,102,000. Norges Bank bought a new position in American Axle & Manufacturing during the 4th quarter worth approximately $7,024,000. Whitebox Advisors LLC lifted its holdings in American Axle & Manufacturing by 74.7% during the 1st quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock worth $8,064,000 after buying an additional 468,573 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Axle & Manufacturing by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock worth $67,565,000 after buying an additional 465,585 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in American Axle & Manufacturing by 19.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock worth $14,079,000 after buying an additional 304,847 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL opened at $5.65 on Thursday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.99. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The stock has a market cap of $664.17 million, a P/E ratio of -80.71 and a beta of 1.95. The stock’s 50 day moving average price is $6.61 and its 200 day moving average price is $7.01.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on AXL. Bank of America increased their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.58.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.