Barrow Hanley Mewhinney & Strauss LLC Decreases Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barrow Hanley Mewhinney & Strauss LLC cut its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,579,636 shares of the auto parts company’s stock after selling 262,453 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in American Axle & Manufacturing were worth $32,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AXL. Arrowstreet Capital Limited Partnership purchased a new position in American Axle & Manufacturing in the fourth quarter valued at $452,000. JPMorgan Chase & Co. increased its holdings in shares of American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company’s stock valued at $4,586,000 after acquiring an additional 664,922 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of American Axle & Manufacturing by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company’s stock worth $518,000 after acquiring an additional 6,704 shares in the last quarter. Vanguard Group Inc. lifted its stake in American Axle & Manufacturing by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock worth $91,608,000 after purchasing an additional 462,847 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $122,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 3.8 %

American Axle & Manufacturing stock opened at $4.15 on Monday. The stock has a market capitalization of $490.49 million, a price-to-earnings ratio of 14.80 and a beta of 1.85. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The stock has a 50 day moving average of $5.03 and a two-hundred day moving average of $5.76. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.95 and a twelve month high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 0.57% and a return on equity of 10.44%. American Axle & Manufacturing’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted ($0.09) EPS. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

AXL has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Barclays reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. UBS Group dropped their price objective on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. StockNews.com downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Finally, Cowen started coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Profile

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.