Prudential Financial Inc. Has $14.02 Million Position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Prudential Financial Inc. reduced its stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 25.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,951 shares of the auto parts company’s stock after selling 367,952 shares during the quarter. Prudential Financial Inc. owned 0.98% of American Axle & Manufact. worth $14,023,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AXL. Advisory Services Network LLC raised its stake in American Axle & Manufact. by 27.0% during the second quarter. Advisory Services Network LLC now owns 6,043 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 1,284 shares in the last quarter. Strs Ohio acquired a new position in American Axle & Manufact. during the first quarter worth $88,000. Camelot Portfolios LLC bought a new stake in shares of American Axle & Manufact. during the second quarter worth $128,000. Brave Asset Management Inc. grew its holdings in shares of American Axle & Manufact. by 24.5% during the second quarter. Brave Asset Management Inc. now owns 13,075 shares of the auto parts company’s stock worth $167,000 after purchasing an additional 2,575 shares during the last quarter. Finally, CWM Advisors LLC grew its holdings in shares of American Axle & Manufact. by 23.2% during the second quarter. CWM Advisors LLC now owns 13,975 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 2,635 shares during the last quarter.

Several analysts have recently commented on AXL shares. Zacks Investment Research upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Credit Suisse Group started coverage on American Axle & Manufact. in a report on Wednesday, June 26th. They set an “outperform” rating and a $15.00 target price on the stock. TheStreet cut American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. Finally, Barclays decreased their target price on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.33.

Shares of AXL stock traded up $0.47 during trading hours on Friday, hitting $7.68. 4,908,986 shares of the company’s stock were exchanged, compared to its average volume of 2,660,976. The stock’s 50-day moving average is $8.57 and its 200-day moving average is $12.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.56 and a quick ratio of 1.20. The stock has a market cap of $810.95 million, a price-to-earnings ratio of 2.34, a price-to-earnings-growth ratio of 0.42 and a beta of 2.17. American Axle & Manufact. Holdings, Inc. has a 52 week low of $5.86 and a 52 week high of $19.34.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, August 2nd. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.78 billion. American Axle & Manufact. had a negative net margin of 2.94% and a positive return on equity of 14.28%. American Axle & Manufact.’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 EPS. Equities research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 2.11 earnings per share for the current fiscal year.

American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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