Nuveen LLC Acquires New Shares in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Nuveen LLC has acquired a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), purchasing 308,972 shares valued at approximately $1.26 million, representing about 0.26% of the company.
• Several institutional investors have increased their stakes in American Axle, with Invesco Ltd. and Charles Schwab Investment Management both lifting their holdings by over 19% and 20% respectively during the first quarter.
• The stock is currently rated with an average of "Hold" by analysts, with a recent price target of $6.21, although there have been mixed reviews regarding its performance and prospects.

Nuveen LLC purchased a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 308,972 shares of the auto parts company's stock, valued at approximately $1,258,000. Nuveen LLC owned approximately 0.26% of American Axle & Manufacturing as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $59,000. Ground Swell Capital LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $61,000. Golden State Equity Partners purchased a new stake in American Axle & Manufacturing during the 1st quarter worth approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $62,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AXL shares. Stifel Nicolaus started coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective on the stock. Royal Bank Of Canada upgraded American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $6.00 to $8.00 in a report on Tuesday. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a report on Sunday, August 10th. 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 report on Monday, May 19th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $6.64.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL traded down $0.06 during trading on Thursday, reaching $5.91. The stock had a trading volume of 1,066,130 shares, compared to its average volume of 3,036,977. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.03. The stock has a market cap of $700.69 million, a PE ratio of 17.37, a P/E/G ratio of 0.65 and a beta of 1.61. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The firm's 50 day moving average price is $4.99 and its two-hundred day moving average price is $4.51.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released 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 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 posted $0.19 EPS. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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.