Credit Suisse AG decreased its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 15.7% during the first quarter, Holdings Channel reports. The institutional investor owned 96,800 shares of the auto parts company’s stock after selling 17,977 shares during the period. Credit Suisse AG’s holdings in American Axle & Manufacturing Holdings were worth $1,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AXL. BlackRock Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 108,522.5% in the first quarter. BlackRock Inc. now owns 9,678,267 shares of the auto parts company’s stock valued at $181,758,000 after buying an additional 9,669,357 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of American Axle & Manufacturing Holdings by 383.0% in the first quarter. Thrivent Financial For Lutherans now owns 3,132,490 shares of the auto parts company’s stock valued at $58,828,000 after buying an additional 2,483,880 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 10.9% in the first quarter. Vanguard Group Inc. now owns 10,690,855 shares of the auto parts company’s stock valued at $200,775,000 after buying an additional 1,047,734 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufacturing Holdings by 19.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,004,262 shares of the auto parts company’s stock valued at $75,200,000 after buying an additional 651,814 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of American Axle & Manufacturing Holdings by 84.3% in the first quarter. DnB Asset Management AS now owns 1,251,488 shares of the auto parts company’s stock valued at $23,503,000 after buying an additional 572,315 shares in the last quarter.

American Axle & Manufacturing Holdings, Inc. (AXL) traded up 2.12% during trading on Friday, reaching $14.44. 456,551 shares of the company’s stock traded hands. The firm has a 50 day moving average of $15.41 and a 200 day moving average of $17.41. The firm has a market capitalization of $1.61 billion, a PE ratio of 4.97 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 71.4% compared to the same quarter last year. Equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

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AXL has been the subject of several research reports. Zacks Investment Research cut shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Bank of America Corporation reaffirmed an “underperform” rating and set a $11.00 price objective (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research note on Friday, June 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 price objective (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of American Axle & Manufacturing Holdings in a research note on Monday, May 15th. Finally, Guggenheim initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Wednesday, June 21st. They set a “buy” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.90.

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.

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

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