Invst LLC Takes $668,000 Position in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Invst LLC acquired a new stake in American Axle & Manufacturing worth approximately $668,000, owning about 0.14% of the company at the end of the most recent reporting period.
• American Axle reported $1.54 billion in revenue for the last quarter, with earnings per share beating estimates at $0.21 compared to a consensus of $0.14.
• Analysts have varied opinions on AXL, with ratings ranging from "strong-buy" to "hold," and a consensus target price of $6.75 for the stock.

Invst LLC bought a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 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 SEC.

Several other hedge funds also recently bought and sold shares of AXL. Lazard Asset Management LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth $51,000. Ethic Inc. bought a new position in shares of American Axle & Manufacturing during the 4th quarter valued at about $59,000. Golden State Equity Partners bought a new position in shares of American Axle & Manufacturing during the 1st quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of American Axle & Manufacturing during the 4th quarter valued at about $62,000. Finally, 111 Capital bought a new position in shares of American Axle & Manufacturing during the 4th quarter valued at about $67,000. Institutional investors own 91.41% of the company's stock.

Analysts Set New Price Targets

AXL has been the subject of several research 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 company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Wall Street Zen raised shares of American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Stifel Nicolaus started coverage on shares of American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 target price on the stock. Finally, Morgan Stanley decreased their target price 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. Three equities research 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 currently has a consensus rating of "Hold" and a consensus price target of $6.75.

American Axle & Manufacturing Trading Up 0.8%

American Axle & Manufacturing stock traded up $0.05 during midday trading on Tuesday, reaching $6.27. The stock had a trading volume of 2,537,497 shares, compared to its average volume of 3,051,668. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.03. The firm has a market cap of $744.00 million, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.66 and a beta of 1.61. The company has a fifty day moving average of $5.31 and a 200 day moving average of $4.54.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share 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.