Invst LLC acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 164,225 shares of the auto parts company's stock, valued at approximately $668,000. Invst LLC owned 0.14% of American Axle & Manufacturing as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in AXL. Lazard Asset Management LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth about $51,000. Ethic Inc. acquired a new stake in American Axle & Manufacturing during the 4th quarter valued at $59,000. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing in the 4th quarter valued at $62,000. 111 Capital acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at $67,000. Finally, Quantinno Capital Management LP bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at about $80,000. Institutional investors and hedge funds own 91.41% of the company's stock.
Analysts Set New Price Targets
AXL has been the topic of a number of research analyst reports. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Stifel Nicolaus began coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective for the company. Wall Street Zen raised American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.75.
Check Out Our Latest Research Report on American Axle & Manufacturing
American Axle & Manufacturing Price Performance
NYSE AXL traded up $0.05 during midday trading on Thursday, hitting $6.31. The company had a trading volume of 2,430,634 shares, compared to its average volume of 3,046,943. 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 twelve month low of $3.00 and a twelve month high of $7.03. The company has a market capitalization of $749.01 million, a PE ratio of 18.54, a P/E/G ratio of 0.71 and a beta of 1.61. The firm has a 50-day moving average price of $5.34 and a 200-day moving average price of $4.56.
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, beating 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 analysts' expectations of $1.54 billion. During the same period last year, the firm posted $0.19 earnings per share. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.
American Axle & Manufacturing Profile
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Free Report)
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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