American Axle & Manufacturing Holdings, Inc. $AXL Shares Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in American Axle & Manufacturing by 12.7% in Q1, acquiring an additional 45,200 shares for a total of 400,300 shares valued at $1,629,000.
• American Axle & Manufacturing reported $0.21 earnings per share for the last quarter, surpassing analysts' expectations of $0.14, though revenue decreased by 5.9% year-over-year.
• Institutional investors own 91.41% of American Axle & Manufacturing's stock, highlighting a strong interest from large financial entities in the company.

Nomura Holdings Inc. increased its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,300 shares of the auto parts company's stock after buying an additional 45,200 shares during the period. Nomura Holdings Inc. owned about 0.34% of American Axle & Manufacturing worth $1,629,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of American Axle & Manufacturing by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock valued at $424,000 after buying an additional 4,260 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in American Axle & Manufacturing during the fourth quarter worth approximately $930,000. Charles Schwab Investment Management Inc. increased its position in American Axle & Manufacturing by 20.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company's stock worth $10,783,000 after purchasing an additional 444,134 shares during the last quarter. Russell Investments Group Ltd. increased its position in American Axle & Manufacturing by 432.7% during the first quarter. Russell Investments Group Ltd. now owns 517,981 shares of the auto parts company's stock worth $2,108,000 after purchasing an additional 420,749 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in American Axle & Manufacturing during the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Up 2.4%

Shares of American Axle & Manufacturing stock opened at $5.96 on Wednesday. The company has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.50. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.03. The stock has a market cap of $707.21 million, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXL has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Tuesday. UBS Group reaffirmed a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Finally, Stifel Nicolaus initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.64.

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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