Notable Runner: Could American Axle & Manufact. Holdings, Inc. Change Direction After Today’s Huge Increase?

Notable Runner: Could American Axle & Manufact. Holdings, Inc. Change Direction After Today's Huge Increase?

The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) is a huge mover today! About 869,358 shares traded hands. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has declined 0.70% since April 28, 2016 and is downtrending. It has underperformed by 6.62% the S&P500.
The move comes after 8 months positive chart setup for the $1.29 billion company. It was reported on Dec, 1 by Barchart.com. We have $17.17 PT which if reached, will make NYSE:AXL worth $51.60M more.

Analysts await American Axle & Manufact. Holdings, Inc. (NYSE:AXL) to report earnings on February, 10. They expect $0.67 EPS, down 17.28% or $0.14 from last year’s $0.81 per share. AXL’s profit will be $52.35 million for 6.16 P/E if the $0.67 EPS becomes a reality. After $0.78 actual EPS reported by American Axle & Manufact. Holdings, Inc. for the previous quarter, Wall Street now forecasts -14.10% negative EPS growth.

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. On Monday, August 1 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was downgraded by Bank of America to “Neutral” on Tuesday, June 21. The stock has “Underperform” rating given by Bank of America on Wednesday, November 9. The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has “Underperform” rating given on Friday, November 4 by CLSA. Barclays Capital maintained American Axle & Manufact. Holdings, Inc. (NYSE:AXL) on Monday, January 25 with “Equalweight” rating. The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has “Sector Weight” rating given on Wednesday, November 16 by KeyBanc Capital Markets. The stock of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets. RBC Capital Markets maintained American Axle & Manufact. Holdings, Inc. (NYSE:AXL) rating on Monday, August 3. RBC Capital Markets has “Outperform” rating and $26 price target. The rating was downgraded by Buckingham Research on Thursday, November 3 to “Neutral”. The rating was upgraded by RBC Capital Markets on Wednesday, June 29 to “Outperform”.

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 increased, 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.
Boothbay Fund Mngmt Ltd Liability Corp, a New York-based fund reported 13,567 shares. Balyasny Asset Management Limited Company holds 0% or 20,260 shares in its portfolio. Advsr Asset Mgmt holds 3,021 shares or 0% of its portfolio. Huntington Bankshares has 0% invested in the company for 1,265 shares. Boston Advisors Limited Liability Corp holds 0.12% or 341,021 shares in its portfolio. Leuthold Grp Incorporated Ltd Liability holds 0.2% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) for 130,052 shares. Qs Invsts Lc holds 0.05% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) for 379,868 shares. Independent Portfolio Consultants has invested 0.01% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL). Canada Pension Plan Board holds 0.04% of its portfolio in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) for 700,606 shares. Nationwide Fund Advsr accumulated 50,390 shares or 0% of the stock. Mycio Wealth Ltd Liability Com reported 81 shares or 0% of all its holdings. Cibc World Mkts Incorporated reported 71,524 shares or 0% of all its holdings. Petrus Tru Lta accumulated 22,356 shares or 0.07% of the stock. Lpl Fin Llc reported 19,016 shares or 0% of all its holdings. Prudential Financial Inc, a New Jersey-based fund reported 185,261 shares.

Insider Transactions: Since November 9, 2016, the stock had 2 insider purchases, and 0 selling transactions for $857,713 net activity. Valenti Samuel III had bought 10,000 shares worth $134,352. 50,000 shares were bought by DAUCH DAVID C, worth $723,361 on Monday, November 14.

More recent American Axle & Manufact. Holdings, Inc. (NYSE:AXL) news were published by: Globenewswire.com which released: “AAM to Present at the 2016 Bank of America Merrill Lynch Leveraged Finance …” on March 18, 2016. Also Wsj.com published the news titled: “American Axle Reaches Deal for Metaldyne” on November 03, 2016. Reuters.com‘s news article titled: “BRIEF-American Axle & Manufacturing Holdings Inc – will be obligated to pa…” with publication date: November 08, 2016 was also an interesting one.

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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