Allianz Asset Management AG Has $423,000 Stake in American Axle & Manufact. Holdings, Inc. (AXL)

Allianz Asset Management AG reduced its stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,925 shares of the auto parts company’s stock after selling 20,500 shares during the period. Allianz Asset Management AG’s holdings in American Axle & Manufact. Holdings were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AXL. Catalyst Capital Advisors LLC purchased a new stake in shares of American Axle & Manufact. Holdings during the third quarter valued at about $139,000. Sei Investments Co. boosted its stake in shares of American Axle & Manufact. Holdings by 1,152.1% in the third quarter. Sei Investments Co. now owns 8,389 shares of the auto parts company’s stock valued at $144,000 after buying an additional 7,719 shares during the period. Quantbot Technologies LP bought a new stake in shares of American Axle & Manufact. Holdings during the third quarter valued at $165,000. Capstone Asset Management Co. boosted its stake in shares of American Axle & Manufact. Holdings by 5.1% in the third quarter. Capstone Asset Management Co. now owns 21,086 shares of the auto parts company’s stock valued at $363,000 after buying an additional 1,030 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of American Axle & Manufact. Holdings during the third quarter valued at $450,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

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

Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) traded down 1.74% during mid-day trading on Friday, hitting $16.99. The company had a trading volume of 1,294,247 shares. American Axle & Manufact. Holdings, Inc. has a 52-week low of $12.61 and a 52-week high of $21.25. The firm has a 50-day moving average price of $18.56 and a 200 day moving average price of $18.30. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.55 and a beta of 1.37.

American Axle & Manufact. Holdings (NYSE:AXL) last posted its quarterly earnings data on Friday, February 10th. The auto parts company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. American Axle & Manufact. Holdings had a net margin of 6.10% and a return on equity of 54.01%. The firm had revenue of $946.50 million for the quarter, compared to the consensus estimate of $965.42 million. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that American Axle & Manufact. Holdings, Inc. will post $3.38 earnings per share for the current year.

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Several brokerages have weighed in on AXL. Zacks Investment Research raised American Axle & Manufact. Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 14th. FBR & Co reissued an “underperform” rating on shares of American Axle & Manufact. Holdings in a research note on Monday, February 13th. KeyCorp cut American Axle & Manufact. Holdings to an “overweight” rating in a research note on Wednesday, December 28th. Finally, Citigroup Inc cut American Axle & Manufact. Holdings from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Monday, February 13th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. American Axle & Manufact. Holdings has a consensus rating of “Hold” and a consensus price target of $20.00.

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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