American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,268,651 shares of the auto parts company’s stock after buying an additional 236,423 shares during the period. Dimensional Fund Advisors LP owned 0.07% of American Axle & Manufacturing worth $57,797,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufacturing by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock valued at $124,627,000 after purchasing an additional 191,737 shares during the period. American Century Companies Inc. increased its holdings in shares of American Axle & Manufacturing by 16.1% in the second 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 during the period. Sequoia Financial Advisors LLC increased its holdings in shares of American Axle & Manufacturing by 19.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock valued at $14,079,000 after purchasing an additional 304,847 shares during the period. Whitebox Advisors LLC increased its holdings in shares of American Axle & Manufacturing by 74.7% in the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after purchasing an additional 468,573 shares during the period. Finally, Sona Asset Management US LLC acquired a new position in shares of American Axle & Manufacturing in the first quarter valued at approximately $7,102,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 3.2 %

Shares of AXL stock opened at $6.38 on Friday. The business’s fifty day moving average price is $6.38 and its 200 day moving average price is $6.95. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.43 and a 1-year high of $8.99. The firm has a market capitalization of $749.99 million, a PE ratio of -91.14 and a beta of 1.95. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. American Axle & Manufacturing’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXL. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Bank of America upped their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus target price of $7.10.

American Axle & Manufacturing Company Profile

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.