10,582 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,582 shares of the auto parts company’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AXL. Lazard Asset Management LLC purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $51,000. Ethic Inc. purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $59,000. Ground Swell Capital LLC purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $61,000. Cibc World Markets Corp purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $63,000. Finally, Oxford Asset Management LLP purchased a new stake in American Axle & Manufacturing during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 1.1%

AXL stock opened at $4.28 on Thursday. The company has a market capitalization of $507.27 million, a PE ratio of 25.15 and a beta of 1.58. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.65. The company’s 50 day moving average price is $4.08 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.35 and a current ratio of 1.72.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. As a group, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AXL has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Monday, May 19th. TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. Finally, UBS Group cut their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.93.

About American Axle & Manufacturing

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.