PSquared Asset Management AG Takes $752,000 Position in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• PSquared Asset Management AG allocated $752,000 to purchase 184,825 shares of American Axle & Manufacturing, making it the 6th largest position in their investment portfolio.
• American Axle's recent earnings report showed an EPS of $0.21, exceeding estimates, despite a 5.9% year-over-year revenue decline.
• Analysts have mixed ratings on AXL, with an average target price of $6.21 and two analysts giving a "Buy" rating while seven rated it as "Hold".

PSquared Asset Management AG acquired a new stake in 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 (SEC). The firm acquired 184,825 shares of the auto parts company's stock, valued at approximately $752,000. American Axle & Manufacturing accounts for approximately 0.6% of PSquared Asset Management AG's investment portfolio, making the stock its 6th largest holding. PSquared Asset Management AG owned about 0.16% of American Axle & Manufacturing at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AXL. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing during the fourth quarter worth $51,000. Ethic Inc. purchased a new position in American Axle & Manufacturing in the 4th quarter valued at about $59,000. Ground Swell Capital LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $61,000. Wealth Enhancement Advisory Services LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $62,000. Finally, 111 Capital acquired a new position in shares of American Axle & Manufacturing during the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

AXL has been the subject of several research reports. Morgan Stanley dropped 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. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus started coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective for the company. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.21.

American Axle & Manufacturing Stock Down 0.9%

Shares of AXL traded down $0.06 during midday trading on Thursday, reaching $5.96. The stock had a trading volume of 3,312,757 shares, compared to its average volume of 2,968,217. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.03. The company has a market cap of $706.62 million, a price-to-earnings ratio of 17.52, a PEG ratio of 0.66 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's fifty day simple moving average is $4.81 and its two-hundred day simple moving average is $4.48.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current 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.