AXQ Capital LP Makes New Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

AXQ Capital LP bought a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 4th quarter, Holdings Channel reports. The firm bought 13,286 shares of the auto parts company’s stock, valued at approximately $77,000.

A number of other large investors also recently made changes to their positions in AXL. Dana Investment Advisors Inc. grew its holdings in American Axle & Manufacturing by 30.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company’s stock valued at $6,399,000 after buying an additional 256,150 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of American Axle & Manufacturing by 45.3% in the third quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock valued at $2,380,000 after acquiring an additional 119,991 shares during the period. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the third quarter valued at about $62,000. Barclays PLC increased its position in American Axle & Manufacturing by 274.4% during the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock worth $1,234,000 after acquiring an additional 146,430 shares during the period. Finally, FMR LLC raised its stake in American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock worth $3,160,000 after purchasing an additional 104,936 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. TD Cowen initiated coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a “hold” rating and a $5.00 price objective on the stock. Morgan Stanley cut their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Cowen began coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Finally, Barclays cut their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Trading Up 2.4 %

AXL opened at $4.56 on Tuesday. The company’s 50 day moving average is $5.15 and its 200-day moving average is $5.80. The company has a market cap of $535.70 million, a P/E ratio of 16.27 and a beta of 1.85. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $4.38 and a 1-year high of $7.98. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58.

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

About American Axle & Manufacturing

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.