Harel Insurance Investments & Financial Services Ltd. Reduces Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,902 shares of the auto parts company’s stock after selling 1,963 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in American Axle & Manufacturing were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in American Axle & Manufacturing by 136.7% during the first quarter. Tower Research Capital LLC TRC now owns 4,246 shares of the auto parts company’s stock worth $33,000 after buying an additional 2,452 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of American Axle & Manufacturing by 703.4% during the first quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 7,780 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at $72,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at $76,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at $84,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Up 0.4 %

NYSE:AXL opened at $7.02 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $6.29 and a 1-year high of $9.55. The company has a 50-day moving average of $7.24 and a 200 day moving average of $7.47. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.67 and a quick ratio of 1.27. The firm has a market cap of $824.54 million, a PE ratio of -25.05, a price-to-earnings-growth ratio of 2.87 and a beta of 2.22.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. American Axle & Manufacturing’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AXL shares. UBS Group raised shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Wednesday, February 28th. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.70.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.