American Axle & Manufact. (AXL) Downgraded by ValuEngine

ValuEngine cut shares of American Axle & Manufact. (NYSE:AXL) from a buy rating to a hold rating in a research report released on Friday.

Several other equities analysts also recently commented on AXL. Zacks Investment Research raised American Axle & Manufact. from a sell rating to a hold rating and set a $20.00 price objective on the stock in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a buy rating and issued a $23.00 price objective on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Bank of America increased their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an underperform rating in a research report on Monday, November 6th. B. Riley reissued a sell rating on shares of American Axle & Manufact. in a research report on Wednesday, November 1st. Finally, Morgan Stanley reissued an underweight rating and set a $16.00 price target (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $19.89.

American Axle & Manufact. (NYSE AXL) opened at $16.01 on Friday. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 0.60 and a beta of 1.34. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufact. has a 12-month low of $13.38 and a 12-month high of $21.25.

In other news, Director George Thanopoulos sold 100,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $17.21, for a total transaction of $1,721,000.00. Following the transaction, the director now owns 299,013 shares of the company’s stock, valued at approximately $5,146,013.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,604,931 shares of company stock worth $271,156,687 in the last three months. Corporate insiders own 0.96% of the company’s stock.

A number of hedge funds have recently modified their holdings of AXL. Teachers Advisors LLC boosted its position 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 valued at $2,408,000 after purchasing an additional 17,078 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in American Axle & Manufact. by 23.3% during the second quarter. TIAA CREF Investment Management LLC now owns 328,790 shares of the auto parts company’s stock valued at $5,129,000 after purchasing an additional 62,095 shares in the last quarter. Nationwide Fund Advisors boosted its position in American Axle & Manufact. by 23.6% during the second quarter. Nationwide Fund Advisors now owns 74,904 shares of the auto parts company’s stock valued at $1,169,000 after purchasing an additional 14,280 shares in the last quarter. BlackRock Inc. boosted its position in American Axle & Manufact. by 4.2% during the second quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock valued at $157,338,000 after purchasing an additional 407,526 shares in the last quarter. Finally, Amalgamated Bank boosted its position in American Axle & Manufact. by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 1,900 shares in the last quarter.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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