Thrivent Financial for Lutherans Acquires 119,991 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Thrivent Financial for Lutherans boosted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,067 shares of the auto parts company's stock after purchasing an additional 119,991 shares during the period. Thrivent Financial for Lutherans owned about 0.33% of American Axle & Manufacturing worth $2,380,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in American Axle & Manufacturing by 5.4% in the third quarter. Empowered Funds LLC now owns 524,226 shares of the auto parts company's stock valued at $3,240,000 after purchasing an additional 26,666 shares during the last quarter. KBC Group NV raised 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 buying an additional 3,211 shares during the last quarter. MQS Management LLC bought a new position in American Axle & Manufacturing in the 3rd quarter valued at approximately $207,000. Aigen Investment Management LP bought a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $121,000. Finally, Entropy Technologies LP bought a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $95,000. Institutional investors and hedge funds own 91.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Bank of America increased their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an "underperform" rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.38.

American Axle & Manufacturing Trading Up 1.1 %

NYSE AXL traded up $0.07 during mid-day trading on Thursday, reaching $6.70. 1,052,899 shares of the stock were exchanged, compared to its average volume of 1,582,152. The stock has a market cap of $787.79 million, a P/E ratio of 27.92 and a beta of 1.95. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. American Axle & Manufacturing Holdings, Inc. has a one year low of $5.43 and a one year high of $8.99. The stock has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $6.64.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share 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 the consensus estimate 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 revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, analysts anticipate 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.