JB Capital Partners LP Buys 825,000 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• JB Capital Partners LP increased its stake in American Axle & Manufacturing by 622.6% in the first quarter, owning 957,500 shares after purchasing an additional 825,000 shares.
• A total of 91.41% of American Axle & Manufacturing's stock is owned by institutional investors, with notable increases from companies like American Century Companies Inc. and Charles Schwab Investment Management Inc.
• Analysts have a consensus rating of "Hold" for American Axle & Manufacturing, with a consensus price target of $6.21, despite varied ratings and price targets from different firms.

JB Capital Partners LP grew its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 622.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 957,500 shares of the auto parts company's stock after acquiring an additional 825,000 shares during the period. American Axle & Manufacturing accounts for 0.8% of JB Capital Partners LP's holdings, making the stock its 18th largest position. JB Capital Partners LP owned about 0.81% of American Axle & Manufacturing worth $3,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AXL. Lazard Asset Management LLC acquired a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $59,000. Ground Swell Capital LLC bought a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $61,000. Golden State Equity Partners acquired a new position in shares of American Axle & Manufacturing in the first quarter valued at about $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of American Axle & Manufacturing in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Price Performance

AXL stock traded down $0.11 during trading on Friday, reaching $5.87. 7,157,693 shares of the company were exchanged, compared to its average volume of 2,991,322. The company has a market capitalization of $695.94 million, a price-to-earnings ratio of 17.19, a P/E/G ratio of 0.67 and a beta of 1.59. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The company has a 50-day moving average of $4.85 and a two-hundred day moving average of $4.48. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.03.

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

Analyst Ratings Changes

AXL has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price objective for the company. Finally, Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.21.

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.