Mirabella Financial Services LLP Purchases New Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Mirabella Financial Services LLP purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 44,656 shares of the auto parts company’s stock, valued at approximately $260,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of American Axle & Manufacturing by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock worth $91,608,000 after purchasing an additional 462,847 shares during the period. American Century Companies Inc. raised its position in American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company’s stock valued at $22,483,000 after purchasing an additional 426,933 shares during the last quarter. Geode Capital Management LLC lifted its holdings in American Axle & Manufacturing by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock worth $16,411,000 after buying an additional 21,054 shares during the period. Invesco Ltd. grew its position in shares of American Axle & Manufacturing by 6.0% in the 4th quarter. Invesco Ltd. now owns 1,910,909 shares of the auto parts company’s stock worth $11,141,000 after buying an additional 108,413 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of American Axle & Manufacturing by 17.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,484,599 shares of the auto parts company’s stock valued at $8,655,000 after buying an additional 224,200 shares during the period. Institutional investors own 91.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AXL. Cowen initiated coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. UBS Group cut their price objective on American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Barclays reduced their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.25.

American Axle & Manufacturing Price Performance

AXL stock opened at $3.34 on Tuesday. The business has a 50 day moving average of $4.32 and a 200 day moving average of $5.43. The firm has a market cap of $395.23 million, a PE ratio of 11.93 and a beta of 1.70. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.98. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58.

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