HighTower Advisors LLC Purchases Shares of 33,921 American Axle & Manufacturing Holdings, Inc. $AXL

HighTower Advisors LLC bought a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,921 shares of the auto parts company’s stock, valued at approximately $138,000.

Several other large investors also recently added to or reduced their stakes in AXL. Charles Schwab Investment Management Inc. increased its stake in shares of American Axle & Manufacturing by 20.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock worth $10,783,000 after acquiring an additional 444,134 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of American Axle & Manufacturing by 3.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company’s stock valued at $13,679,000 after purchasing an additional 72,337 shares during the last quarter. Invesco Ltd. increased its stake in American Axle & Manufacturing by 19.0% during the first quarter. Invesco Ltd. now owns 2,274,422 shares of the auto parts company’s stock valued at $9,257,000 after acquiring an additional 363,513 shares during the period. Sequoia Financial Advisors LLC increased its stake in American Axle & Manufacturing by 17.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,250,455 shares of the auto parts company’s stock valued at $9,159,000 after acquiring an additional 337,508 shares during the period. Finally, Northern Trust Corp increased its stake in American Axle & Manufacturing by 10.5% during the fourth quarter. Northern Trust Corp now owns 1,269,263 shares of the auto parts company’s stock valued at $7,400,000 after acquiring an additional 120,242 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on AXL shares. Wall Street Zen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $6.00 to $8.00 in a report on Tuesday. Stifel Nicolaus started coverage on shares of American Axle & Manufacturing in a report on Thursday, August 21st. They issued a “hold” rating and a $6.00 price target for the company. Morgan Stanley lowered their target price 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. Finally, UBS Group reissued a “buy” rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.64.

American Axle & Manufacturing Stock Up 0.3%

Shares of AXL stock opened at $5.98 on Friday. 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’s 50-day moving average is $5.02 and its 200-day moving average is $4.52. The stock has a market cap of $708.99 million, a price-to-earnings ratio of 17.57, a PEG ratio of 0.68 and a beta of 1.61. 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 issued its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm earned $0.19 EPS. American Axle & Manufacturing’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. Sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Company 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.