The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) is a huge mover today! About 722,948 shares traded hands. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has risen 0.71% since April 18, 2016 and is uptrending. It has underperformed by 3.72% the S&P500.
The move comes after 6 months positive chart setup for the $1.25 billion company. It was reported on Nov, 18 by Barchart.com. We have $19.00 PT which if reached, will make NYSE:AXL worth $262.50M more.
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Ratings Coverage
Out of 9 analysts covering American Axle & Manufacturing (NYSE:AXL), 1 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 11% are positive. American Axle & Manufacturing has been the topic of 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Wednesday, November 16. The firm has “Sector Perform” rating given on Monday, August 1 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, June 29 by RBC Capital Markets. As per Tuesday, March 22, the company rating was initiated by Northcoast. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, August 2. The firm earned “Neutral” rating on Tuesday, June 21 by Bank of America. Barclays Capital maintained the shares of AXL in a report on Monday, January 25 with “Equalweight” rating. The firm earned “Underperform” rating on Wednesday, November 9 by Bank of America. The firm has “Underperform” rating given on Friday, November 4 by CLSA. The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets.
According to Zacks Investment Research, “American Axle & Manufacturing Holdings Inc. is a world leader in the design, engineering and manufacture of driveline systems for light trucks and sport utility vehicles. The company’s product lines include rear axles, independent front four-wheel drive axles, all-wheel-drive system components, independent rear-drive systems, TracRite differentials, propeller shafts, steering linkages, anti-roll systems, steering & suspension systems, and forged products. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.30, from 1.03 in 2016Q1. The ratio is positive, as 36 funds sold all American Axle & Manufact. Holdings, Inc. shares owned while 64 reduced positions. 37 funds bought stakes while 66 increased positions. They now own 72.98 million shares or 3.00% more from 70.86 million shares in 2016Q1.
Brandywine Glob Invest Mgmt Limited Liability Co holds 0.03% or 347,202 shares in its portfolio. The Arizona-based Arizona State Retirement Systems has invested 0.01% in American Axle & Manufact. Holdings, Inc. (NYSE:AXL). State Of New Jersey Common Pension Fund D reported 720,000 shares or 0.05% of all its holdings. Renaissance Gru Ltd Company, a Kentucky-based fund reported 18,789 shares. Numeric Investors Limited Liability Corp has 0.18% invested in the company for 1.40 million shares. Ontario Teachers Pension Plan Board holds 0.01% or 37,304 shares in its portfolio. Citigroup owns 45,052 shares or 0% of their US portfolio. The Illinois-based Nuveen Asset Limited Company has invested 0% in American Axle & Manufact. Holdings, Inc. (NYSE:AXL). Strs Ohio, a Ohio-based fund reported 260,600 shares. Wellington Mgmt Grp Inc Ltd Liability Partnership has invested 0% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL). Alliancebernstein Limited Partnership last reported 0% of its portfolio in the stock. Guggenheim Cap Ltd Liability Com holds 0% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) for 19,147 shares. Panagora Asset Inc last reported 0.08% of its portfolio in the stock. Legal And General Gru Public Limited holds 0% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) for 27,839 shares. Advsr Asset Mgmt Inc accumulated 3,021 shares or 0% of the stock.
Insider Transactions: Since May 23, 2016, the stock had 2 insider buys, and 1 insider sale for $774,748 net activity. DAUCH DAVID C had bought 50,000 shares worth $723,361. Another trade for 10,000 shares valued at $134,352 was made by Valenti Samuel III on Wednesday, November 9. Lynch Michael Joseph sold $82,965 worth of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) on Monday, May 23.
More news for American Axle & Manufact. Holdings, Inc. (NYSE:AXL) were recently published by: Wsj.com, which released: “American Axle Reaches Deal for Metaldyne” on November 03, 2016. Reuters.com‘s article titled: “BRIEF-American Axle & Manufacturing Holdings Inc – will be obligated to pa…” and published on November 08, 2016 is yet another important article.
AXL Company Profile
American Axle & Manufacturing Holdings, Inc. (AAM), incorporated on May 15, 1998, makes, engineers, creates and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Firm supplies its products to automotive industry. The Company’s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. The Company’s driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Firm operates through the manufacture, engineer, design and validation of driveline systems and related components, and chassis modules for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles segment. The Firm operates in over 10 countries and has approximately 40 manufacturing, engineering and business office facilities around the world.
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