American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.29.

Several research analysts have recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. B. Riley reissued a “sell” rating on shares of American Axle & Manufacturing Holdings in a research note on Wednesday, November 8th. BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, ValuEngine raised shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th.

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In other news, Director George Thanopoulos sold 123,901 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the completion of the sale, the director now owns 876,745 shares in the company, valued at approximately $13,282,686.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder American Securities Llc sold 15,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.37, for a total transaction of $260,550,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,248,901 shares of company stock valued at $264,305,850 in the last 90 days. Insiders own 0.96% of the company’s stock.

Large investors have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of American Axle & Manufacturing Holdings by 7.0% during the 1st quarter. Morgan Stanley now owns 418,610 shares of the auto parts company’s stock worth $7,862,000 after buying an additional 27,281 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of American Axle & Manufacturing Holdings by 15.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 470,000 shares of the auto parts company’s stock worth $8,827,000 after buying an additional 61,783 shares during the last quarter. Northern Trust Corp lifted its position in shares of American Axle & Manufacturing Holdings by 6.1% during the 2nd quarter. Northern Trust Corp now owns 1,060,528 shares of the auto parts company’s stock worth $16,544,000 after buying an additional 60,734 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of American Axle & Manufacturing Holdings by 5.1% during the 2nd quarter. Voya Investment Management LLC now owns 143,046 shares of the auto parts company’s stock worth $2,232,000 after buying an additional 6,999 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of American Axle & Manufacturing Holdings by 12.4% during the 2nd quarter. Teachers Advisors LLC now owns 154,353 shares of the auto parts company’s stock worth $2,408,000 after buying an additional 17,078 shares during the last quarter.

American Axle & Manufacturing Holdings (NYSE:AXL) traded down $0.16 during midday trading on Thursday, hitting $18.00. 1,803,053 shares of the stock traded hands, compared to its average volume of 1,770,508. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. American Axle & Manufacturing Holdings has a twelve month low of $13.38 and a twelve month high of $21.25. The stock has a market capitalization of $2,030.00, a price-to-earnings ratio of 4.92, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a net margin of 5.07% and a return on equity of 36.26%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 71.2% compared to the same quarter last year. analysts forecast that American Axle & Manufacturing Holdings will post 3.58 EPS for the current fiscal year.

About American Axle & Manufacturing Holdings

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.

Analyst Recommendations for American Axle & Manufacturing Holdings (NYSE:AXL)

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