Alliancebernstein L.P. lowered its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,831 shares of the auto parts company’s stock after selling 1,750 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of American Axle & Manufacturing Holdings worth $1,698,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AXL. UBS Asset Management Americas Inc. raised its stake in American Axle & Manufacturing Holdings by 5.0% during the first quarter. UBS Asset Management Americas Inc. now owns 54,268 shares of the auto parts company’s stock worth $1,019,000 after purchasing an additional 2,582 shares during the period. Ameritas Investment Partners Inc. purchased a new position in American Axle & Manufacturing Holdings during the first quarter worth approximately $124,000. Arizona State Retirement System raised its stake in American Axle & Manufacturing Holdings by 1.0% during the first quarter. Arizona State Retirement System now owns 39,800 shares of the auto parts company’s stock worth $747,000 after purchasing an additional 400 shares during the period. AXA raised its stake in American Axle & Manufacturing Holdings by 24.8% during the first quarter. AXA now owns 12,600 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 2,500 shares during the period. Finally, Credit Agricole S A raised its stake in American Axle & Manufacturing Holdings by 54.8% during the first quarter. Credit Agricole S A now owns 92,900 shares of the auto parts company’s stock worth $1,745,000 after purchasing an additional 32,900 shares during the period.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 18.70 on Friday. The stock has a 50 day moving average of $16.88 and a 200-day moving average of $16.03. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $12.61 and a 52 week high of $21.25. The stock has a market cap of $2.08 billion, a P/E ratio of 6.44 and a beta of 1.38.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the company earned $0.90 earnings per share. American Axle & Manufacturing Holdings’s revenue for the quarter was up 71.4% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.30 earnings per share for the current year.

In other news, Director George Thanopoulos sold 123,901 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.15, for a total value of $1,877,100.15. Following the completion of the sale, the director now directly owns 876,745 shares in the company, valued at $13,282,686.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by insiders.

AXL has been the topic of a number of recent analyst reports. BidaskClub raised shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Off Wall Street initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. American Axle & Manufacturing Holdings has an average rating of “Hold” and a consensus price target of $19.50.

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American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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

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