State of Wyoming Has $258,000 Stock Holdings in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• The State of Wyoming increased its stake in American Axle & Manufacturing Holdings, Inc. by 271.9% during the first quarter, acquiring a total of 63,372 shares worth approximately $258,000.
• Analysts have mixed views on the stock, with Royal Bank of Canada upgrading it to "outperform" and raising its price target from $6.00 to $8.00, while Morgan Stanley lowered their target from $8.00 to $7.50.
• American Axle reported $1.54 billion in revenue last quarter, with earnings per share of $0.21, surpassing the consensus estimate of $0.14.

State of Wyoming raised its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 271.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,372 shares of the auto parts company's stock after acquiring an additional 46,334 shares during the quarter. State of Wyoming owned approximately 0.05% of American Axle & Manufacturing worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trexquant Investment LP lifted its holdings in shares of American Axle & Manufacturing by 23.4% during the first quarter. Trexquant Investment LP now owns 1,081,508 shares of the auto parts company's stock valued at $4,402,000 after acquiring an additional 205,242 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of American Axle & Manufacturing during the first quarter valued at $613,000. Eisler Capital Management Ltd. bought a new position in shares of American Axle & Manufacturing during the first quarter valued at $570,000. JB Capital Partners LP raised its holdings in shares of American Axle & Manufacturing by 622.6% in the first quarter. JB Capital Partners LP now owns 957,500 shares of the auto parts company's stock valued at $3,897,000 after buying an additional 825,000 shares during the last quarter. Finally, PSquared Asset Management AG bought a new position in shares of American Axle & Manufacturing in the first quarter valued at about $752,000. 91.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AXL shares. Wall Street Zen raised American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Friday. Morgan Stanley cut 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. Stifel Nicolaus started coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price target for the company. 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 research report on Tuesday, September 2nd. Finally, UBS Group reiterated a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, American Axle & Manufacturing has a consensus rating of "Hold" and a consensus target price of $6.64.

American Axle & Manufacturing Trading Down 0.8%

AXL stock traded down $0.05 during midday trading on Friday, reaching $5.94. The stock had a trading volume of 4,027,726 shares, compared to its average volume of 4,136,879. The firm has a market cap of $704.25 million, a price-to-earnings ratio of 17.46, a PEG ratio of 0.67 and a beta of 1.61. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.03. The business has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $4.51. 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 posted its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, research analysts expect 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.