Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) shot up 14.5% during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $17.10 and last traded at $16.83. 6,723,505 shares traded hands during mid-day trading, an increase of 229% from the average session volume of 2,043,766 shares. The stock had previously closed at $14.70.

The auto parts company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.

A number of brokerages have recently commented on AXL. ValuEngine raised shares of American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 2nd. Bank of America raised shares of American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price objective for the company in a research report on Monday, November 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Axle & Manufact. from a “hold” rating to a “strong sell” rating in a research report on Friday, November 16th. KeyCorp began coverage on shares of American Axle & Manufact. in a research report on Monday, December 10th. They set a “sector weight” rating for the company. Finally, TheStreet raised shares of American Axle & Manufact. from a “c” rating to a “b-” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. American Axle & Manufact. presently has a consensus rating of “Hold” and an average price target of $16.50.

A number of large investors have recently bought and sold shares of AXL. Bank of New York Mellon Corp raised its position in American Axle & Manufact. by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,886,194 shares of the auto parts company’s stock worth $29,349,000 after purchasing an additional 83,784 shares in the last quarter. Northern Trust Corp raised its position in American Axle & Manufact. by 18.5% in the second quarter. Northern Trust Corp now owns 1,442,146 shares of the auto parts company’s stock worth $22,441,000 after purchasing an additional 224,967 shares in the last quarter. State of Alaska Department of Revenue raised its position in American Axle & Manufact. by 11.3% in the third quarter. State of Alaska Department of Revenue now owns 36,164 shares of the auto parts company’s stock worth $630,000 after purchasing an additional 3,671 shares in the last quarter. Bank of Montreal Can raised its position in American Axle & Manufact. by 35.5% in the third quarter. Bank of Montreal Can now owns 306,266 shares of the auto parts company’s stock worth $5,342,000 after purchasing an additional 80,160 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in American Axle & Manufact. by 10.6% in the third quarter. Louisiana State Employees Retirement System now owns 49,200 shares of the auto parts company’s stock worth $858,000 after purchasing an additional 4,700 shares in the last quarter. 98.64% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63. The stock has a market capitalization of $1.88 billion, a PE ratio of 4.49, a PEG ratio of 0.58 and a beta of 1.65.

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American Axle & Manufact. Company Profile (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, 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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