Dynamic Technology Lab Private Ltd Has $1.20 Million Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dynamic Technology Lab Private Ltd grew its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,472 shares of the auto parts company’s stock after purchasing an additional 10,790 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.17% of American Axle & Manufacturing worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in American Axle & Manufacturing by 23.3% during the fourth quarter. Wells Fargo & Company MN now owns 75,084 shares of the auto parts company’s stock worth $438,000 after buying an additional 14,164 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $2,065,000. Trexquant Investment LP raised its holdings in shares of American Axle & Manufacturing by 23.4% in the 4th quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company’s stock valued at $5,109,000 after purchasing an additional 165,905 shares during the period. Franklin Resources Inc. lifted its stake in American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company’s stock valued at $1,772,000 after purchasing an additional 3,161 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in American Axle & Manufacturing during the fourth quarter worth about $452,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 4.6 %

Shares of NYSE:AXL opened at $3.41 on Friday. The business’s 50 day simple moving average is $4.82 and its 200 day simple moving average is $5.69. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.17 and a 1 year high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The company has a market capitalization of $402.92 million, a P/E ratio of 12.16 and a beta of 1.85.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned ($0.09) earnings per share. American Axle & Manufacturing’s revenue was down 5.6% on a year-over-year basis. On average, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AXL. StockNews.com cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a “hold” rating and a $5.00 price target on the stock. Finally, UBS Group cut their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing 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.