LSV Asset Management Acquires 4,500 Shares of American Axle & Manufact. Holdings, Inc. (AXL)

LSV Asset Management grew its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336,176 shares of the auto parts company’s stock after acquiring an additional 4,500 shares during the period. LSV Asset Management owned about 1.20% of American Axle & Manufact. worth $22,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AXL. Fox Run Management L.L.C. raised its holdings in shares of American Axle & Manufact. by 187.0% in the fourth quarter. Fox Run Management L.L.C. now owns 36,450 shares of the auto parts company’s stock valued at $621,000 after buying an additional 23,750 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in American Axle & Manufact. during the third quarter worth about $4,048,000. Voya Investment Management LLC raised its holdings in American Axle & Manufact. by 5.1% during the second quarter. Voya Investment Management LLC now owns 143,046 shares of the auto parts company’s stock worth $2,232,000 after purchasing an additional 6,999 shares in the last quarter. Teachers Advisors LLC raised its holdings in American Axle & Manufact. by 12.4% during the second quarter. Teachers Advisors LLC now owns 154,353 shares of the auto parts company’s stock worth $2,408,000 after purchasing an additional 17,078 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in American Axle & Manufact. by 6.1% during the second quarter. Northern Trust Corp now owns 1,060,528 shares of the auto parts company’s stock worth $16,544,000 after purchasing an additional 60,734 shares in the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.

In other news, Director George Thanopoulos sold 100,000 shares of American Axle & Manufact. stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.21, for a total value of $1,721,000.00. Following the completion of the transaction, the director now directly owns 299,013 shares of the company’s stock, valued at approximately $5,146,013.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 604,931 shares of company stock valued at $10,606,687 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $25.00 price target on shares of American Axle & Manufact. in a research report on Sunday, January 21st. Zacks Investment Research lowered shares of American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Morgan Stanley restated an “underweight” rating and set a $16.00 target price (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Finally, B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. American Axle & Manufact. presently has an average rating of “Hold” and an average target price of $19.38.

Shares of American Axle & Manufact. Holdings, Inc. (NYSE AXL) traded down $0.09 during mid-day trading on Thursday, reaching $15.70. 1,182,523 shares of the company’s stock traded hands, compared to its average volume of 2,354,190. American Axle & Manufact. Holdings, Inc. has a 52 week low of $13.38 and a 52 week high of $20.83. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a market cap of $1,714.98, a price-to-earnings ratio of 5.41, a P/E/G ratio of 0.55 and a beta of 1.34.

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About American Axle & Manufact.

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 & Manufact. (NYSE:AXL)

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