Charles Schwab Investment Management Inc. Has $10.78 Million Stock Holdings in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Charles Schwab Investment Management Inc. increased its stake in American Axle & Manufacturing by 20.1%, owning 2,649,397 shares valued at approximately $10.78 million as of the last quarter.
• Institutional investors control 91.41% of American Axle & Manufacturing's stock, indicating strong institutional interest in the company.
• Despite reporting earnings of $0.21 per share, which exceeded analysts’ expectations, the company saw a 5.9% decline in quarterly revenue compared to the previous year.

Charles Schwab Investment Management Inc. boosted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,649,397 shares of the auto parts company's stock after purchasing an additional 444,134 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.24% of American Axle & Manufacturing worth $10,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AXL. Jacobs Levy Equity Management Inc. boosted its position in shares of American Axle & Manufacturing by 3.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company's stock worth $13,679,000 after buying an additional 72,337 shares during the period. Sequoia Financial Advisors LLC increased its holdings in American Axle & Manufacturing by 17.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,250,455 shares of the auto parts company's stock valued at $9,159,000 after buying an additional 337,508 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in American Axle & Manufacturing by 33.7% in the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after acquiring an additional 477,550 shares during the last quarter. Bridgeway Capital Management LLC grew its position in American Axle & Manufacturing by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,643,712 shares of the auto parts company's stock worth $9,583,000 after purchasing an additional 26,890 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of American Axle & Manufacturing by 10.5% during the fourth quarter. Northern Trust Corp now owns 1,269,263 shares of the auto parts company's stock valued at $7,400,000 after buying an additional 120,242 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded down $0.15 during mid-day trading on Friday, hitting $5.83. 11,904,720 shares of the company were exchanged, compared to its average volume of 3,693,290. The business has a fifty day moving average of $4.88 and a 200 day moving average of $4.49. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The company has a market capitalization of $691.19 million, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.03.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stifel Nicolaus began coverage on shares of American Axle & Manufacturing in a report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price objective for the company. Morgan Stanley lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Finally, UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.21.

About American Axle & Manufacturing

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.