American Axle & Manufacturing Holdings, Inc. $AXL Shares Purchased by Invesco Ltd.

Invesco Ltd. boosted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,274,422 shares of the auto parts company’s stock after purchasing an additional 363,513 shares during the quarter. Invesco Ltd. owned about 1.92% of American Axle & Manufacturing worth $9,257,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Axle & Manufacturing by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock worth $424,000 after buying an additional 4,260 shares during the last quarter. QRG Capital Management Inc. boosted its stake in American Axle & Manufacturing by 38.6% during the first quarter. QRG Capital Management Inc. now owns 18,742 shares of the auto parts company’s stock worth $76,000 after buying an additional 5,222 shares during the last quarter. MetLife Investment Management LLC boosted its stake in American Axle & Manufacturing by 11.3% during the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company’s stock worth $379,000 after buying an additional 6,584 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in American Axle & Manufacturing by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,797 shares of the auto parts company’s stock worth $267,000 after buying an additional 8,067 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in American Axle & Manufacturing by 50.0% during the fourth quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company’s stock worth $149,000 after buying an additional 8,518 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Price Performance

AXL stock opened at $5.8150 on Monday. The business has a fifty day moving average of $4.71 and a two-hundred day moving average of $4.45. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The stock has a market cap of $690.01 million, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 0.65 and a beta of 1.59. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.03.

American Axle & Manufacturing (NYSE:AXL) 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. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 note on Monday, May 19th. UBS Group reissued a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Cowen reissued a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a research note on Thursday. They set a “hold” rating and a $6.00 price objective on the stock. Finally, Wall Street Zen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.21.

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.