Hsbc Holdings PLC Sells 10,721 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Hsbc Holdings PLC lowered its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) by 25.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,039 shares of the auto parts company’s stock after selling 10,721 shares during the quarter. Hsbc Holdings PLC’s holdings in American Axle & Manufacturing were worth $216,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in American Axle & Manufacturing by 60,578.4% in the second quarter. FMR LLC now owns 4,169,820 shares of the auto parts company’s stock valued at $31,398,000 after acquiring an additional 4,162,948 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in American Axle & Manufacturing by 804.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,835,148 shares of the auto parts company’s stock valued at $13,819,000 after purchasing an additional 1,632,158 shares during the last quarter. Prudential Financial Inc. grew its holdings in American Axle & Manufacturing by 886.3% during the third quarter. Prudential Financial Inc. now owns 1,155,276 shares of the auto parts company’s stock valued at $7,890,000 after purchasing an additional 1,038,140 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in American Axle & Manufacturing by 22.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,930 shares of the auto parts company’s stock worth $30,729,000 after buying an additional 715,970 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of American Axle & Manufacturing by 3.9% in the first quarter. Vanguard Group Inc. now owns 14,282,775 shares of the auto parts company’s stock valued at $110,834,000 after buying an additional 540,198 shares during the period. Institutional investors own 95.74% of the company’s stock.

American Axle & Manufacturing Stock Down 2.2 %

AXL stock opened at $8.42 on Friday. The stock has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $8.96. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $6.36 and a twelve month high of $11.96. The firm has a market capitalization of $964.76 million, a PE ratio of 15.89, a PEG ratio of 1.78 and a beta of 2.27. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 4.54.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last issued its quarterly earnings data on Friday, February 17th. The auto parts company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). American Axle & Manufacturing had a net margin of 1.11% and a return on equity of 14.06%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted ($0.09) EPS. American Axle & Manufacturing’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Insider Transactions at American Axle & Manufacturing

In related news, VP David Eugene Barnes sold 29,533 shares of American Axle & Manufacturing stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $9.00, for a total transaction of $265,797.00. Following the completion of the sale, the vice president now owns 104,621 shares of the company’s stock, valued at $941,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AXL shares. Citigroup cut their price target on American Axle & Manufacturing from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, January 13th. Barclays cut their target price on shares of American Axle & Manufacturing from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average target price of $10.00.

American Axle & Manufacturing Company Profile

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American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline and Metal Forming. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.