American Century Companies Inc. Has $17.43 Million Stake in American Axle & Manufacturing Holdings, Inc. $AXL

American Century Companies Inc. raised its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,283,580 shares of the auto parts company’s stock after buying an additional 427,071 shares during the quarter. American Century Companies Inc. owned 3.62% of American Axle & Manufacturing worth $17,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AXL. Wells Fargo & Company MN lifted its stake in American Axle & Manufacturing by 23.3% in the fourth quarter. Wells Fargo & Company MN now owns 75,084 shares of the auto parts company’s stock valued at $438,000 after buying an additional 14,164 shares during the period. Raymond James Financial Inc. acquired a new position in American Axle & Manufacturing in the fourth quarter valued at about $183,000. Barclays PLC lifted its stake in American Axle & Manufacturing by 26.1% in the fourth quarter. Barclays PLC now owns 251,899 shares of the auto parts company’s stock valued at $1,470,000 after buying an additional 52,104 shares during the period. Guggenheim Capital LLC lifted its stake in American Axle & Manufacturing by 50.0% in the fourth quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company’s stock valued at $149,000 after buying an additional 8,518 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in American Axle & Manufacturing by 11.3% in the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company’s stock valued at $379,000 after buying an additional 6,584 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 2.0%

NYSE:AXL opened at $5.8150 on Monday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market cap of $690.01 million, a PE ratio of 17.10, a PEG 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. The stock has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.45.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.American Axle & Manufacturing’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

AXL has been the topic of several analyst reports. Cowen reissued a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. UBS Group reaffirmed a “buy” rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research report on Thursday. They set a “hold” rating and a $6.00 price target on the stock. Morgan Stanley dropped their price target 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. Finally, Wall Street Zen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report 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. According to data from MarketBeat, American Axle & Manufacturing 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.