American Axle & Manufacturing Holdings, Inc. $AXL Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 432.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 517,981 shares of the auto parts company’s stock after purchasing an additional 420,749 shares during the quarter. Russell Investments Group Ltd. owned about 0.44% of American Axle & Manufacturing worth $2,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AXL. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 14,164 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in American Axle & Manufacturing during the fourth quarter worth $183,000. Barclays PLC increased its stake in American Axle & Manufacturing by 26.1% during the fourth quarter. Barclays PLC now owns 251,899 shares of the auto parts company’s stock worth $1,470,000 after acquiring an additional 52,104 shares during the last quarter. Guggenheim Capital LLC increased 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 acquiring an additional 8,518 shares during the last quarter. Finally, MetLife Investment Management LLC increased 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 acquiring an additional 6,584 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AXL has been the subject of several recent analyst reports. Morgan Stanley cut their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company 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. Wall Street Zen raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They set a “hold” rating and a $6.00 target price for the company. Finally, Cowen reissued a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.21.

American Axle & Manufacturing Trading Up 0.9%

AXL opened at $5.8850 on Tuesday. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $7.03. The business has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.46. The firm has a market cap of $698.31 million, a P/E ratio of 17.31, a P/E/G ratio of 0.65 and a beta of 1.59. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86.

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

American Axle & Manufacturing 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.