Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 93,953 American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 93,953 shares of American Axle & Manufacturing Holdings, Inc., worth approximately $382,000, during the first quarter.
• A number of institutional investors, including Lazard Asset Management LLC and Wealth Enhancement Advisory Services LLC, have also recently purchased stakes in American Axle, indicating strong interest among institutional players.
• American Axle & Manufacturing's stock has seen a buy rating upgrade from Wall Street Zen, reflecting a positive outlook amidst a mixed analyst sentiment with an average rating of "Hold" and a consensus target price of $6.43.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 93,953 shares of the auto parts company's stock, valued at approximately $382,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of American Axle & Manufacturing at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing during the fourth quarter valued at approximately $51,000. Ethic Inc. bought a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at about $59,000. Ground Swell Capital LLC acquired a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $61,000. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing during the fourth quarter worth $62,000. Finally, 111 Capital bought a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $67,000. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Trading Up 1.7%

Shares of NYSE:AXL traded up $0.08 during trading hours on Thursday, hitting $4.58. 1,704,138 shares of the company's stock traded hands, compared to its average volume of 2,864,856. The firm has a market capitalization of $542.87 million, a P/E ratio of 26.91 and a beta of 1.59. The business has a fifty day moving average price of $4.42 and a 200-day moving average price of $4.46. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.25. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.72 and a quick ratio of 1.35.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AXL. UBS Group upgraded shares of American Axle & Manufacturing from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $4.50 to $7.00 in a report on Monday, July 14th. Morgan Stanley lowered their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.43.

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.