Barclays PLC increased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 274.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,795 shares of the auto parts company's stock after buying an additional 146,430 shares during the period. Barclays PLC owned 0.17% of American Axle & Manufacturing worth $1,234,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of American Axle & Manufacturing during the second quarter valued at approximately $41,000. KBC Group NV lifted its holdings in American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after purchasing an additional 3,211 shares in the last quarter. Quarry LP boosted its stake in American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company's stock worth $55,000 after purchasing an additional 4,851 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing during the third quarter worth $62,000. Finally, Zacks Investment Management acquired a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $70,000. Institutional investors and hedge funds own 91.41% of the company's stock.
American Axle & Manufacturing Trading Down 1.4 %
Shares of American Axle & Manufacturing stock traded down $0.08 during mid-day trading on Monday, hitting $5.78. The stock had a trading volume of 1,362,776 shares, compared to its average volume of 1,574,201. The firm has a 50-day moving average of $6.30 and a two-hundred day moving average of $6.44. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $5.43 and a 12-month high of $8.98. 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 $679.62 million, a P/E ratio of 24.08 and a beta of 1.95.
American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.25. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) earnings per share. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Wolfe Research upgraded shares of American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.38.
Check Out Our Latest Report on American Axle & Manufacturing
About American Axle & Manufacturing
(
Free Report)
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.
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