26,816 Shares in American Axle & Manufacturing Holdings, Inc. $AXL Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 26,816 shares of the auto parts company’s stock, valued at approximately $109,000.

Several other institutional investors have also added to or reduced their stakes in AXL. American Century Companies Inc. boosted its stake in shares of American Axle & Manufacturing by 11.1% during the 1st quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company’s stock valued at $17,434,000 after purchasing an additional 427,071 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in American Axle & Manufacturing by 1.4% in the first 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 period. Charles Schwab Investment Management Inc. boosted its position in American Axle & Manufacturing by 20.1% during the 1st 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 acquiring an additional 444,134 shares in the last quarter. Invesco Ltd. boosted its position in American Axle & Manufacturing by 19.0% during the 1st 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 in the last quarter. Finally, HITE Hedge Asset Management LLC grew its holdings in shares of American Axle & Manufacturing by 465.1% during the 1st 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 period. 91.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock opened at $6.54 on Monday. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.03. The firm’s 50-day moving average is $6.05 and its 200 day moving average is $5.11. The stock has a market cap of $775.47 million, a price-to-earnings ratio of 19.22, a PEG ratio of 0.97 and a beta of 1.60. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous 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.

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.