Strs Ohio Takes Position in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Strs Ohio acquired a new stake in American Axle & Manufacturing Holdings, purchasing 74,400 shares valued at approximately $303,000.
• American Axle's stock is currently rated a "Hold" by analysts, but firms like UBS and Royal Bank of Canada have issued optimistic ratings with price targets up to $8.00.
• The company reported earnings of $0.21 per share in its latest quarter, exceeding expectations, though revenue was down 5.9% compared to the previous year.

Strs Ohio bought a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 74,400 shares of the auto parts company's stock, valued at approximately $303,000. Strs Ohio owned 0.06% of American Axle & Manufacturing at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AXL. Cetera Investment Advisers acquired a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at about $103,000. Deutsche Bank AG grew its stake in shares of American Axle & Manufacturing by 59.5% in the 4th quarter. Deutsche Bank AG now owns 95,574 shares of the auto parts company's stock valued at $557,000 after buying an additional 35,653 shares during the period. Quantinno Capital Management LP acquired a new position in American Axle & Manufacturing during the 4th quarter valued at about $80,000. ProShare Advisors LLC increased its holdings in American Axle & Manufacturing by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 34,700 shares of the auto parts company's stock worth $202,000 after purchasing an additional 10,663 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in American Axle & Manufacturing by 207.4% during the 4th quarter. Squarepoint Ops LLC now owns 507,187 shares of the auto parts company's stock worth $2,957,000 after purchasing an additional 342,211 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented 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 for the company. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a report on Sunday, August 10th. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.75.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $6.01 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $7.03. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The business's 50 day simple moving average is $5.47 and its 200 day simple moving average is $4.60. The company has a market cap of $712.58 million, a price-to-earnings ratio of 17.66, a PEG ratio of 0.69 and a beta of 1.61.

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 analysts' consensus estimates of $0.14 by $0.07. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.54 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS 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.

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