Nisa Investment Advisors LLC Takes $172,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Nisa Investment Advisors LLC acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 22,190 shares of the auto parts company’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Quadrant LLC CA bought a new stake in shares of American Axle & Manufacturing during the first quarter valued at approximately $37,000. Counterpoint Mutual Funds LLC bought a new stake in American Axle & Manufacturing during the first quarter worth $88,000. Zhang Financial LLC bought a new stake in American Axle & Manufacturing during the first quarter worth $94,000. Highland Capital Management LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth $123,000. Finally, CIBC Asset Management Inc grew its holdings in American Axle & Manufacturing by 14.3% during the fourth quarter. CIBC Asset Management Inc now owns 15,249 shares of the auto parts company’s stock worth $142,000 after buying an additional 1,907 shares in the last quarter. Institutional investors own 91.73% of the company’s stock.

American Axle & Manufacturing Stock Up 5.0 %

AXL stock opened at $8.74 on Thursday. The stock’s fifty day simple moving average is $8.04 and its two-hundred day simple moving average is $7.94. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 6.32. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $6.36 and a 1-year high of $10.91. The stock has a market cap of $1.00 billion, a P/E ratio of -30.14, a P/E/G ratio of 1.21 and a beta of 2.12.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.20. American Axle & Manufacturing had a positive return on equity of 14.39% and a negative net margin of 0.61%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on American Axle & Manufacturing from $6.00 to $5.00 in a report on Tuesday, May 10th. Exane BNP Paribas assumed coverage on American Axle & Manufacturing in a report on Monday, April 11th. They set a “neutral” rating for the company. BNP Paribas assumed coverage on American Axle & Manufacturing in a report on Monday, April 11th. They set a “neutral” rating and a $7.00 price target for the company. Morgan Stanley decreased their price target on American Axle & Manufacturing from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.80.

About American Axle & Manufacturing

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American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe.