Charles Schwab Investment Management Inc. Grows Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Charles Schwab Investment Management Inc. raised its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,562,553 shares of the auto parts company’s stock after buying an additional 65,535 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American Axle & Manufacturing were worth $15,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Algert Global LLC raised its holdings in shares of American Axle & Manufacturing by 263.9% in the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after purchasing an additional 506,476 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of American Axle & Manufacturing by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock valued at $20,197,000 after purchasing an additional 399,616 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Axle & Manufacturing by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock valued at $57,797,000 after purchasing an additional 236,423 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of American Axle & Manufacturing by 540.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after purchasing an additional 168,348 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of American Axle & Manufacturing by 3,849.5% in the 2nd quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock valued at $1,167,000 after purchasing an additional 162,681 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Down 0.6 %

NYSE AXL opened at $6.63 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The firm has a market cap of $779.56 million, a PE ratio of 27.63 and a beta of 1.95. The company has a 50 day moving average price of $6.28 and a 200 day moving average price of $6.59. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $5.43 and a 52 week high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.25. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. American Axle & Manufacturing’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. As a group, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Bank of America boosted their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.38.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.