Algert Global LLC Raises Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Algert Global LLC boosted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,129,409 shares of the auto parts company's stock after buying an additional 208,013 shares during the period. Algert Global LLC owned approximately 0.96% of American Axle & Manufacturing worth $6,584,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cibc World Markets Corp acquired a new position in shares of American Axle & Manufacturing during the 4th quarter valued at $63,000. Oxford Asset Management LLP acquired a new position in shares of American Axle & Manufacturing during the fourth quarter worth about $76,000. Polymer Capital Management US LLC purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter worth about $77,000. AXQ Capital LP acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $77,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $81,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Up 5.0 %

NYSE:AXL opened at $3.99 on Monday. The stock has a 50-day simple moving average of $4.01 and a 200 day simple moving average of $5.28. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.98. The company has a market capitalization of $472.15 million, a price-to-earnings ratio of 14.25 and a beta of 1.70. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.18 EPS. The business's quarterly revenue was down 12.2% on a year-over-year basis. Sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on AXL. Cowen began coverage on American Axle & Manufacturing in a report on Thursday, March 6th. They issued a "hold" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $5.00 price target on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.25.

American Axle & Manufacturing 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.

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