Jacobs Levy Equity Management Inc. Has $5.88 Million Position 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. lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in American Axle & Manufacturing during the fourth quarter valued at approximately $51,000. Ethic Inc. bought a new position in American Axle & Manufacturing during the fourth quarter valued at approximately $59,000. Golden State Equity Partners bought a new position in American Axle & Manufacturing during the first quarter valued at approximately $61,000. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing during the fourth quarter valued at approximately $62,000. Finally, 111 Capital bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $67,000. Institutional investors own 91.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AXL. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Royal Bank Of Canada raised shares of 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 report on Tuesday, September 2nd. Morgan Stanley dropped 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 report on Monday, May 19th. Stifel Nicolaus began coverage on shares of American Axle & Manufacturing in a research report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price target on the stock. Finally, Wall Street Zen raised shares of American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Three 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 has a consensus rating of "Hold" and a consensus target price of $6.75.

American Axle & Manufacturing Stock Performance

AXL stock traded down $0.18 on Friday, reaching $5.88. 2,356,513 shares of the company were exchanged, compared to its average volume of 3,539,274. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $7.03. The stock's fifty day moving average price is $5.23 and its 200 day moving average price is $4.52. The firm has a market capitalization of $697.15 million, a PE ratio of 17.28, a PEG ratio of 0.66 and a beta of 1.61. 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 earnings results 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 net margin of 0.73% and a return on equity of 8.90%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. American Axle & Manufacturing'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 anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.