American Axle & Manufact. Holdings, Inc. (AXL) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) in a research note issued to investors on Monday, May 8th. The firm currently has a $23.00 price target on the auto parts company’s stock.

A number of other equities research analysts have also commented on AXL. Zacks Investment Research lowered American Axle & Manufact. Holdings from a buy rating to a hold rating in a research report on Tuesday, April 25th. Citigroup Inc downgraded American Axle & Manufact. Holdings from a buy rating to a neutral rating and boosted their price objective for the company from $21.00 to $24.00 in a research note on Monday, February 13th. They noted that the move was a valuation call. Finally, FBR & Co downgraded American Axle & Manufact. Holdings from a market perform rating to an underperform rating in a research note on Tuesday, January 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. American Axle & Manufact. Holdings presently has a consensus rating of Hold and a consensus target price of $20.38.

Shares of American Axle & Manufact. Holdings (NYSE:AXL) opened at 15.23 on Monday. The stock’s 50 day moving average price is $16.82 and its 200 day moving average price is $18.23. The company has a market cap of $1.69 billion, a PE ratio of 4.66 and a beta of 1.37. American Axle & Manufact. Holdings has a one year low of $12.61 and a one year high of $21.25.

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Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in American Axle & Manufact. 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. BlackRock Inc. raised its position in American Axle & Manufact. 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. BlackRock Fund Advisors raised its position in American Axle & Manufact. Holdings by 8.1% in the third quarter. BlackRock Fund Advisors now owns 5,358,424 shares of the auto parts company’s stock valued at $92,272,000 after buying an additional 402,713 shares in the last quarter. Dimensional Fund Advisors LP raised its position in American Axle & Manufact. 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, Thrivent Financial For Lutherans raised its position in American Axle & Manufact. 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. 98.33% of the stock is owned by institutional investors.

About American Axle & Manufact. 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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