Dynamic Technology Lab Private Ltd Acquires 148,909 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dynamic Technology Lab Private Ltd boosted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 325.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 194,682 shares of the auto parts company's stock after purchasing an additional 148,909 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.17% of American Axle & Manufacturing worth $1,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of American Axle & Manufacturing in the second quarter worth $41,000. KBC Group NV boosted its holdings in American Axle & Manufacturing by 81.3% in the third 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 last quarter. Quarry LP grew its position in 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 purchasing an additional 4,851 shares during the period. Headlands Technologies LLC bought a new position in shares of American Axle & Manufacturing during the 2nd quarter valued at $75,000. Finally, Creative Planning purchased a new position in shares of American Axle & Manufacturing in the 3rd quarter worth $80,000. 91.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

American Axle & Manufacturing Stock Performance

Shares of AXL opened at $6.63 on Wednesday. The business has a 50-day simple moving average of $6.19 and a two-hundred day simple moving average of $6.64. 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 Holdings, Inc. has a 52 week low of $5.43 and a 52 week high of $8.99. The stock has a market cap of $779.56 million, a price-to-earnings ratio of 27.63 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted ($0.11) EPS. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.45 EPS for the current year.

American Axle & Manufacturing 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.