33,454 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, Holdings Channel reports. The firm purchased 33,454 shares of the auto parts company’s stock, valued at approximately $207,000.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of American Axle & Manufacturing by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock valued at $57,797,000 after purchasing an additional 236,423 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of American Axle & Manufacturing by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,873,408 shares of the auto parts company’s stock valued at $41,055,000 after purchasing an additional 64,546 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of American Axle & Manufacturing by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock valued at $20,197,000 after purchasing an additional 399,616 shares in the last quarter. Whitebox Advisors LLC boosted its holdings in shares of American Axle & Manufacturing by 74.7% in the 1st quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after purchasing an additional 468,573 shares in the last quarter. Finally, Sona Asset Management US LLC acquired a new stake in shares of American Axle & Manufacturing in the 1st quarter valued at $7,102,000. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. Finally, Bank of America increased their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.38.

American Axle & Manufacturing Stock Up 0.5 %

Shares of NYSE:AXL opened at $6.31 on Friday. The firm has a market cap of $741.93 million, a P/E ratio of 26.08 and a beta of 1.95. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $5.43 and a 12-month high of $8.99. The business has a fifty day simple moving average of $6.10 and a 200 day simple moving average of $6.72.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.25. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. American Axle & Manufacturing’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned ($0.11) EPS. Analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.4 earnings per share 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.