71,387 Shares in American Axle & Manufacturing Holdings, Inc. $AXL Bought by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,387 shares of the auto parts company’s stock, valued at approximately $291,000. AXQ Capital LP owned approximately 0.06% of American Axle & Manufacturing at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cerity Partners LLC acquired a new position in shares of American Axle & Manufacturing during the first quarter valued at about $72,000. Allianz Asset Management GmbH grew its position in American Axle & Manufacturing by 9.1% during the 1st quarter. Allianz Asset Management GmbH now owns 600,200 shares of the auto parts company’s stock worth $2,443,000 after purchasing an additional 50,200 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Axle & Manufacturing during the 1st quarter worth approximately $382,000. Blueshift Asset Management LLC acquired a new position in American Axle & Manufacturing during the 1st quarter valued at approximately $81,000. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 444,134 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 topic of a number of research analyst reports. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Stifel Nicolaus boosted their price target on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, November 17th. Wall Street Zen downgraded American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, UBS Group upped their target price on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.17.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $6.27 on Tuesday. The stock has a market capitalization of $743.63 million, a price-to-earnings ratio of 18.43, a PEG ratio of 0.97 and a beta of 1.60. The stock has a 50-day moving average of $6.10 and a 200 day moving average of $5.29. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.03.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, November 7th. The auto parts company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.American Axle & Manufacturing’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.