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

Key Points

• Invesco Ltd. increased its stake in American Axle & Manufacturing by 19%, owning approximately 2.27 million shares worth $9.26 million as of the latest reporting.
• American Axle reported earnings of $0.21 per share for the last quarter, surpassing the consensus estimate of $0.14, despite a revenue decrease of 5.9% year-over-year.
• Analysts generally hold a "Hold" rating on American Axle, with a consensus price target of $6.21, while firms like UBS maintain a "buy" rating.

Invesco Ltd. raised its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,274,422 shares of the auto parts company's stock after acquiring an additional 363,513 shares during the period. Invesco Ltd. owned approximately 1.92% of American Axle & Manufacturing worth $9,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. acquired a new position in American Axle & Manufacturing during the 4th quarter worth approximately $59,000. Ground Swell Capital LLC acquired a new position in American Axle & Manufacturing during the 4th quarter worth approximately $61,000. Golden State Equity Partners acquired a new position in American Axle & Manufacturing during the 1st quarter worth approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in American Axle & Manufacturing during the 4th quarter worth approximately $62,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Price Performance

AXL stock traded down $0.15 on Friday, reaching $5.83. The company had a trading volume of 11,904,720 shares, compared to its average volume of 3,693,290. 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. The company's fifty day moving average is $4.88 and its 200 day moving average is $4.49. The company has a market cap of $691.19 million, a P/E ratio of 17.13, a PEG ratio of 0.65 and a beta of 1.59.

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

Analysts Set New Price Targets

Several research firms have issued reports on AXL. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Morgan Stanley dropped their target price on 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. UBS Group reiterated a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Finally, Stifel Nicolaus began coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.21.

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.