Landscape Capital Management L.L.C. Takes Position in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in American Axle & Manufacturing, purchasing 150,727 shares valued at approximately $613,000, representing 0.13% of the company's stock.
• American Axle's quarterly earnings report showed an earnings per share (EPS) of $0.21, exceeding the consensus estimate of $0.14, although revenue declined by 5.9% year-over-year.
• Currently, about 91.41% of American Axle's stock is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.

Landscape Capital Management L.L.C. bought a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 150,727 shares of the auto parts company's stock, valued at approximately $613,000. Landscape Capital Management L.L.C. owned approximately 0.13% of American Axle & Manufacturing at the end of the most recent quarter.

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

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock traded down $0.04 during midday trading on Thursday, hitting $5.93. The stock had a trading volume of 1,313,674 shares, compared to its average volume of 3,038,274. 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 52-week low of $3.00 and a 52-week high of $7.03. The firm's fifty day moving average is $4.99 and its two-hundred day moving average is $4.51. The company has a market capitalization of $703.06 million, a PE ratio of 17.40, a P/E/G ratio of 0.65 and a beta of 1.61.

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. The business had revenue of $1.54 billion during 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 company's revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AXL shares. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They issued a "hold" rating and a $6.00 target price for the company. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $6.00 to $8.00 in a research report on Tuesday. Finally, UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.64.

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.