American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,205,263 shares of the auto parts company’s stock after selling 357,290 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.88% of American Axle & Manufacturing worth $12,857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. KBC Group NV boosted its holdings in American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after buying an additional 3,211 shares during the last quarter. XTX Topco Ltd acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth about $62,000. Zacks Investment Management acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth about $70,000. Quarry LP boosted its holdings in American Axle & Manufacturing by 51.9% in the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after buying an additional 4,098 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth about $80,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 4.2 %

AXL stock opened at $4.45 on Friday. The company’s 50 day simple moving average is $5.17 and its 200-day simple moving average is $5.82. The firm has a market capitalization of $522.65 million, a PE ratio of 15.88 and a beta of 1.85. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $4.38 and a 12 month high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned ($0.09) earnings per share. American Axle & Manufacturing’s revenue was down 5.6% compared to the same quarter last year. Equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AXL. TD Cowen began coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 target price on the stock. Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, UBS Group reduced their price target on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. 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.