Barclays PLC Raises Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barclays PLC increased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXLFree Report) by 522.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,122,458 shares of the auto parts company’s stock after acquiring an additional 942,186 shares during the period. Barclays PLC owned approximately 0.96% of American Axle & Manufacturing worth $8,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 1,632,158 shares in the last quarter. Norges Bank purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at $7,125,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of 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 valued at $30,729,000 after acquiring an additional 715,970 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at $5,095,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL stock opened at $8.07 on Thursday. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.34 and a current ratio of 1.71. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $6.29 and a 1 year high of $10.12. The firm has a market cap of $944.67 million, a P/E ratio of -806.19, a price-to-earnings-growth ratio of 4.87 and a beta of 2.28. The stock has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $7.69.

Analysts Set New Price Targets

AXL has been the topic of several recent analyst reports. Bank of America downgraded American Axle & Manufacturing from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $9.00 to $8.00 in a research report on Tuesday, November 28th. Royal Bank of Canada reduced their target price on American Axle & Manufacturing from $8.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, November 6th. Citigroup reduced their target price on American Axle & Manufacturing from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. TheStreet downgraded American Axle & Manufacturing from a “c” rating to a “d+” rating in a report on Friday, November 3rd. Finally, UBS Group downgraded American Axle & Manufacturing from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $8.00 to $6.50 in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, American Axle & Manufacturing has an average rating of “Hold” and a consensus target price of $7.83.

View Our Latest Analysis on AXL

About American Axle & Manufacturing

(Free Report)

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 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.

Featured Stories

Want to see what other hedge funds are holding AXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Axle & Manufacturing Holdings, Inc. (NYSE:AXLFree Report).

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

Receive News & Ratings for American Axle & Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.