American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Bought by Empowered Funds LLC

Empowered Funds LLC increased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,226 shares of the auto parts company’s stock after purchasing an additional 26,666 shares during the quarter. Empowered Funds LLC owned 0.45% of American Axle & Manufacturing worth $3,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. KBC Group NV increased its holdings in shares of 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 valued at $44,000 after buying an additional 3,211 shares in the last quarter. MQS Management LLC acquired a new stake in shares of American Axle & Manufacturing during the third quarter worth $207,000. Aigen Investment Management LP acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at $121,000. Entropy Technologies LP purchased a new position in American Axle & Manufacturing in the 3rd quarter worth about $95,000. Finally, Highland Capital Management LLC raised its holdings in American Axle & Manufacturing by 10.8% during the 3rd quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after buying an additional 2,868 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 1.9 %

NYSE AXL opened at $6.19 on Tuesday. The company has a market capitalization of $727.82 million, a PE ratio of 26.29 and a beta of 1.95. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.43 and a 1-year high of $8.99. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The firm’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $6.70.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly 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 company 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 business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. As a group, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on AXL shares. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Finally, Bank of America raised their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.38.

About American Axle & Manufacturing

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.