Jacobs Levy Equity Management Inc. Has $5.88 Million Holdings in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Jacobs Levy Equity Management Inc. has decreased its stake in American Axle & Manufacturing by 38.5%, selling 902,469 shares and now holding approximately 1.22% of the company.
• Despite the recent sell-off by Jacobs Levy, several institutional investors such as Lazard Asset Management and Quantinno Capital Management have acquired new stakes in the company.
• Analysts have mixed views on the stock, with Wall Street Zen upgrading it to a "strong-buy" rating, while Morgan Stanley lowered its price target from $8.00 to $7.50.

Jacobs Levy Equity Management Inc. cut its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 38.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,443,785 shares of the auto parts company's stock after selling 902,469 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.22% of American Axle & Manufacturing worth $5,876,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AXL. Lazard Asset Management LLC acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at about $51,000. Ethic Inc. acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at about $59,000. Golden State Equity Partners acquired a new stake in American Axle & Manufacturing in the first quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at about $62,000. Finally, 111 Capital acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at about $67,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXL has been the topic of a number of recent research reports. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Morgan Stanley cut their price target on 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. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Stifel Nicolaus began coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They set a "hold" rating and a $6.00 price target on the stock. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.75.

American Axle & Manufacturing Trading Down 2.9%

AXL stock traded down $0.18 during mid-day trading on Friday, reaching $5.88. The company's stock had a trading volume of 2,307,949 shares, compared to its average volume of 3,044,501. The company has a market cap of $697.15 million, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The business's 50 day moving average price is $5.20 and its 200 day moving average price is $4.53. 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 12 month low of $3.00 and a 12 month high of $7.03.

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

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.