Dana Investment Advisors Inc. Purchases 256,150 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dana Investment Advisors Inc. lifted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,097,655 shares of the auto parts company's stock after buying an additional 256,150 shares during the period. Dana Investment Advisors Inc. owned about 0.93% of American Axle & Manufacturing worth $6,399,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. KBC Group NV increased its holdings in shares of American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock worth $44,000 after acquiring an additional 3,211 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. Zacks Investment Management bought a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $70,000. Quarry LP raised its holdings in American Axle & Manufacturing by 51.9% during the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock worth $74,000 after buying an additional 4,098 shares during the period. Finally, Creative Planning bought a new position in American Axle & Manufacturing in the third quarter valued at approximately $80,000. Institutional investors and hedge funds own 91.41% of the company's stock.

Several equities research analysts have recently issued reports on AXL shares. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. UBS Group lowered their target price on American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Morgan Stanley reduced their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Barclays dropped their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $6.93.

Read Our Latest Research Report on AXL

AXL opened at $4.77 on Friday. The business's 50-day simple moving average is $5.44 and its 200 day simple moving average is $5.96. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $4.45 and a 52-week high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a market capitalization of $560.27 million, a PE ratio of 17.02 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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