Russell Investments Group Ltd. Acquires 420,749 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Russell Investments Group Ltd. increased its stake in American Axle & Manufacturing by 432.7%, now owning approximately 0.44% of the company worth $2,108,000.
• American Axle reported earnings per share (EPS) of $0.21 for the last quarter, exceeding expectations, although revenue declined 5.9% year-over-year.
• Wall Street analysts have mixed views on the stock, with two analysts issuing a Buy rating and seven maintaining a Hold rating, while the average target price is set at $6.21.

Russell Investments Group Ltd. increased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 432.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,981 shares of the auto parts company's stock after acquiring an additional 420,749 shares during the period. Russell Investments Group Ltd. owned about 0.44% of American Axle & Manufacturing worth $2,108,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Whitebox Advisors LLC boosted its stake 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 valued at $11,035,000 after acquiring an additional 477,550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 acquiring an additional 4,260 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $930,000. Charles Schwab Investment Management Inc. boosted its stake in American Axle & Manufacturing by 20.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company's stock valued at $10,783,000 after acquiring an additional 444,134 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $62,000. 91.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on AXL shares. UBS Group reaffirmed a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Stifel Nicolaus started coverage on shares of American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a "hold" rating and a $6.00 price target on the stock. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Morgan Stanley cut their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.21.

American Axle & Manufacturing Stock Down 2.4%

Shares of AXL traded down $0.15 during mid-day trading on Friday, hitting $5.83. 11,904,720 shares of the company's stock were exchanged, compared to its average volume of 4,162,816. The company has a market cap of $691.19 million, a PE ratio of 17.13, a P/E/G ratio of 0.65 and a beta of 1.61. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $7.03. The company has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $4.49. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The business's revenue was down 5.9% compared to the same quarter last year. 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 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.