Martingale Asset Management L P Acquires 27,298 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Martingale Asset Management L P raised its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 49.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,849 shares of the auto parts company’s stock after buying an additional 27,298 shares during the quarter. Martingale Asset Management L P owned about 0.07% of American Axle & Manufacturing worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AXL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of American Axle & Manufacturing by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 303,709 shares of the auto parts company’s stock worth $1,877,000 after acquiring an additional 3,968 shares during the period. FMR LLC raised its stake in shares of American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock valued at $3,160,000 after purchasing an additional 104,936 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of American Axle & Manufacturing by 325.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company’s stock valued at $1,204,000 after purchasing an additional 148,909 shares in the last quarter. Algert Global LLC boosted its position in shares of American Axle & Manufacturing by 31.9% during the third quarter. Algert Global LLC now owns 921,396 shares of the auto parts company’s stock worth $5,694,000 after buying an additional 223,032 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Axle & Manufacturing by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock worth $15,837,000 after buying an additional 65,535 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AXL. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Finally, Bank of America boosted their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.38.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $6.77 on Wednesday. The firm’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $6.60. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $5.43 and a 1 year high of $8.99. The firm has a market capitalization of $796.02 million, a P/E ratio of 28.21 and a beta of 1.95. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

American Axle & Manufacturing Company 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.