EP Wealth Advisors LLC Invests $87,000 in American Axle & Manufacturing Holdings, Inc. $AXL

EP Wealth Advisors LLC bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,470 shares of the auto parts company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of American Axle & Manufacturing by 98.9% during the 1st quarter. Royal Bank of Canada now owns 60,425 shares of the auto parts company’s stock worth $246,000 after acquiring an additional 30,046 shares during the period. Caption Management LLC bought a new position in shares of American Axle & Manufacturing during the 1st quarter worth approximately $128,000. Nomura Holdings Inc. boosted its stake in shares of American Axle & Manufacturing by 12.7% during the 1st quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company’s stock worth $1,629,000 after acquiring an additional 45,200 shares during the period. State of Wyoming boosted its stake in shares of American Axle & Manufacturing by 271.9% during the 1st quarter. State of Wyoming now owns 63,372 shares of the auto parts company’s stock worth $258,000 after acquiring an additional 46,334 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of American Axle & Manufacturing by 23.4% during the 1st quarter. Trexquant Investment LP now owns 1,081,508 shares of the auto parts company’s stock worth $4,402,000 after acquiring an additional 205,242 shares during the period. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $5.94 on Thursday. The stock has a market capitalization of $704.25 million, a PE ratio of 17.46, a P/E/G ratio of 0.68 and a beta of 1.61. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The business has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $4.52. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two 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, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Morgan Stanley reduced their price target 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. Wall Street Zen upgraded American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus began coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a “hold” rating and a $6.00 price target for the company. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.75.

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.