Hancock Whitney Corp Reduces Holdings in American Axle & Manufact. Holdings, Inc. (AXL)

Hancock Whitney Corp cut its stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,001 shares of the auto parts company’s stock after selling 15,728 shares during the quarter. Hancock Whitney Corp’s holdings in American Axle & Manufact. were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AXL. Thrivent Financial for Lutherans raised its stake in American Axle & Manufact. by 12.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,724,424 shares of the auto parts company’s stock valued at $41,341,000 after purchasing an additional 426,825 shares in the last quarter. Jane Street Group LLC bought a new position in American Axle & Manufact. during the fourth quarter valued at $301,000. Cipher Capital LP grew its holdings in shares of American Axle & Manufact. by 34.8% in the fourth quarter. Cipher Capital LP now owns 20,824 shares of the auto parts company’s stock worth $232,000 after purchasing an additional 5,373 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of American Axle & Manufact. in the fourth quarter worth about $770,000. Finally, Gotham Asset Management LLC bought a new position in shares of American Axle & Manufact. in the fourth quarter worth about $3,735,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

In other news, SVP Alberto L. Satine sold 15,033 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.75, for a total transaction of $251,802.75. Following the sale, the senior vice president now owns 59,420 shares of the company’s stock, valued at approximately $995,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tolga I. Oal sold 14,876 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $14.47, for a total transaction of $215,255.72. Following the sale, the insider now directly owns 97,430 shares in the company, valued at approximately $1,409,812.10. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Bank of America upgraded shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $15.00 to $20.00 in a report on Wednesday, February 20th. Royal Bank of Canada increased their target price on shares of American Axle & Manufact. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Finally, TheStreet upgraded shares of American Axle & Manufact. from a “c” rating to a “b-” rating in a report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.00.

Shares of American Axle & Manufact. stock traded up $0.23 during midday trading on Wednesday, hitting $15.67. The company had a trading volume of 1,657,305 shares, compared to its average volume of 1,797,478. The firm has a market capitalization of $1.76 billion, a P/E ratio of 4.78, a PEG ratio of 0.68 and a beta of 1.66. The company has a quick ratio of 1.16, a current ratio of 1.50 and a debt-to-equity ratio of 2.48. American Axle & Manufact. Holdings, Inc. has a 12-month low of $10.13 and a 12-month high of $19.34.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. American Axle & Manufact. had a negative net margin of 0.79% and a positive return on equity of 22.35%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $0.89 EPS. American Axle & Manufact.’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 2.9 earnings per share for the current fiscal year.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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