Vanguard Group Inc. Cuts Stock Position in American Axle & Manufacturing Holdings, Inc. $AXL

Vanguard Group Inc. lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 15.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,351,052 shares of the auto parts company’s stock after selling 2,362,180 shares during the quarter. Vanguard Group Inc. owned approximately 11.28% of American Axle & Manufacturing worth $54,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whitebox Advisors LLC lifted its position in American Axle & Manufacturing by 33.7% in the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company’s stock valued at $11,035,000 after buying an additional 477,550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 purchasing an additional 4,260 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of American Axle & Manufacturing during the fourth quarter worth approximately $930,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of American Axle & Manufacturing during the fourth quarter worth approximately $62,000. Finally, D. E. Shaw & Co. Inc. grew its position in American Axle & Manufacturing by 221.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 157,645 shares of the auto parts company’s stock valued at $919,000 after buying an additional 108,655 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $5.8850 on Tuesday. 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 firm has a market cap of $698.31 million, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.65 and a beta of 1.59. The business’s 50-day simple moving average is $4.75 and its 200-day simple moving average is $4.46. 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 announced its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $1.54 billion for 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%.American Axle & Manufacturing’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AXL has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They issued a “hold” rating and a $6.00 target price for the company. Cowen restated a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Morgan Stanley decreased their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Monday, May 19th. UBS Group reissued a “buy” rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. 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 equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, American Axle & Manufacturing currently has an average rating of “Hold” and a consensus target price of $6.21.

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.