29,300 Shares in American Axle & Manufacturing Holdings, Inc. $AXL Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC acquired a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,300 shares of the auto parts company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in American Axle & Manufacturing by 11.1% during the first quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company’s stock worth $17,434,000 after acquiring an additional 427,071 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in American Axle & Manufacturing by 1.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,286,516 shares of the auto parts company’s stock worth $13,376,000 after buying an additional 44,663 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $10,783,000 after buying an additional 444,134 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of 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. Finally, HITE Hedge Asset Management LLC grew its position in shares of American Axle & Manufacturing by 465.1% during the first quarter. HITE Hedge Asset Management LLC now owns 1,944,668 shares of the auto parts company’s stock worth $7,915,000 after acquiring an additional 1,600,512 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Performance

AXL opened at $6.50 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The firm has a market cap of $770.70 million, a PE ratio of 19.10, a P/E/G ratio of 0.94 and a beta of 1.53. The business has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $4.89. 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 earnings results on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, beating the consensus estimate 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 revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of American Axle & Manufacturing in a research note on Tuesday, October 14th. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stifel Nicolaus raised their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Finally, UBS Group upped their target price on American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus target price of $7.17.

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.