Public Sector Pension Investment Board Increases Stock Holdings in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• The Public Sector Pension Investment Board increased its stake in American Axle & Manufacturing Holdings, Inc. by 26.6%, owning approximately $1.52 million worth of shares as of the end of the first quarter.
• Several institutional investors have also raised their positions in the company, including Whitebox Advisors LLC, which grew its holdings by 33.7% in the fourth quarter.
• American Axle & Manufacturing reported a quarterly earnings per share of $0.21, surpassing the consensus estimate of $0.14 amidst a 5.9% decline in revenue year-over-year.

Public Sector Pension Investment Board boosted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 26.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 372,887 shares of the auto parts company's stock after buying an additional 78,409 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of American Axle & Manufacturing worth $1,518,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at $51,000. Ethic Inc. purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at $59,000. Ground Swell Capital LLC purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at $61,000. Wealth Enhancement Advisory Services LLC purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at $62,000. Finally, 111 Capital purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at $67,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AXL. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Morgan Stanley reduced their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research note on Monday, May 19th. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Finally, Stifel Nicolaus started coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a "hold" rating and a $6.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.21.

American Axle & Manufacturing Stock Performance

AXL traded up $0.12 during trading hours on Wednesday, hitting $6.02. The stock had a trading volume of 3,391,321 shares, compared to its average volume of 3,760,275. The company's fifty day simple moving average is $4.81 and its 200 day simple moving average is $4.48. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.03. The stock has a market cap of $713.74 million, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86.

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 for the quarter, topping the consensus estimate 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.19 EPS. The firm'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 analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current 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.