Barclays PLC Raises Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barclays PLC raised its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 274.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,795 shares of the auto parts company's stock after buying an additional 146,430 shares during the quarter. Barclays PLC owned about 0.17% of American Axle & Manufacturing worth $1,234,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AXL. KBC Group NV boosted its stake in shares of American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock worth $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP raised its position in shares of American Axle & Manufacturing by 159.2% in the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company's stock worth $55,000 after acquiring an additional 4,851 shares in the last quarter. XTX Topco Ltd purchased a new position in American Axle & Manufacturing in the third quarter valued at about $62,000. Zacks Investment Management purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at about $70,000. Finally, Headlands Technologies LLC purchased a new stake in American Axle & Manufacturing during the second quarter valued at approximately $75,000. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Stock Up 7.9 %

Shares of American Axle & Manufacturing stock traded up $0.43 during trading on Tuesday, reaching $5.87. The company's stock had a trading volume of 2,343,550 shares, compared to its average volume of 1,734,256. The company has a 50-day simple moving average of $6.26 and a two-hundred day simple moving average of $6.34. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.41 and a 1-year high of $8.98. The company has a market cap of $690.20 million, a price-to-earnings ratio of 24.46 and a beta of 1.96. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28.

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

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.