JB Capital Partners LP Grows Stock Position in 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 boosted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 622.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.8% of JB Capital Partners LP's holdings, making the stock its 18th biggest holding. JB Capital Partners LP owned 0.81% of American Axle & Manufacturing worth $3,897,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at $51,000. Ethic Inc. purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth about $59,000. Ground Swell Capital LLC purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth about $61,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth about $62,000. Finally, 111 Capital purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth about $67,000. Institutional investors own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

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

American Axle & Manufacturing Stock Performance

NYSE:AXL traded up $0.12 during mid-day trading on Wednesday, reaching $6.02. The company's stock had a trading volume of 3,391,321 shares, compared to its average volume of 3,760,275. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.03. The firm's fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.48. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The stock has a market cap of $713.74 million, a P/E ratio of 17.69, a PEG ratio of 0.66 and a beta of 1.59.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued 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 return on equity of 8.90% and a net margin of 0.73%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm earned $0.19 EPS. American Axle & Manufacturing's revenue was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, equities analysts forecast 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.