Focus Partners Wealth Makes New Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Focus Partners Wealth bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 115,859 shares of the auto parts company's stock, valued at approximately $675,000. Focus Partners Wealth owned 0.10% of American Axle & Manufacturing as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ethic Inc. acquired a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $59,000. Cibc World Markets Corp acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $63,000. Oxford Asset Management LLP acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $76,000. Polymer Capital Management US LLC acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $77,000. Finally, AXQ Capital LP acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $77,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $4.54 on Tuesday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The firm has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $5.15. The stock has a market capitalization of $537.24 million, a PE ratio of 16.21 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the business posted $0.18 earnings per share. The company's revenue for the quarter was down 12.2% compared to the same quarter last year. On average, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a report on Monday. Barclays lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, StockNews.com raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.93.

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.

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