American Axle & Manufacturing Holdings, Inc. $AXL Shares Bought by Charles Schwab Investment Management Inc.

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 shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,649,397 shares of the auto parts company's stock after acquiring an additional 444,134 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.24% of American Axle & Manufacturing worth $10,783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. grew its stake 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 valued at $13,679,000 after buying an additional 72,337 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of 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 in the last quarter. Whitebox Advisors LLC grew its stake in shares of 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 valued at $11,035,000 after buying an additional 477,550 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of American Axle & Manufacturing by 1.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,643,712 shares of the auto parts company's stock valued at $9,583,000 after buying an additional 26,890 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of American Axle & Manufacturing by 10.5% in 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 in the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley lowered their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen raised 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 note on Monday, May 5th. Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a research note on Thursday. They set a "hold" rating and a $6.00 target price for the company. Finally, UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of "Hold" and an average target price of $6.21.

American Axle & Manufacturing Trading Up 2.0%

NYSE:AXL opened at $5.8150 on Monday. The stock has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $4.45. The stock has a market cap of $690.01 million, a P/E ratio of 17.10, a P/E/G ratio of 0.65 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. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $1.54 billion during 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 quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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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