Capstone Investment Advisors LLC Sells 27,239 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Capstone Investment Advisors LLC decreased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 53.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,311 shares of the auto parts company’s stock after selling 27,239 shares during the quarter. Capstone Investment Advisors LLC’s holdings in American Axle & Manufacturing were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AXL. Thrivent Financial for Lutherans lifted its position in shares of American Axle & Manufacturing by 45.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock worth $2,380,000 after purchasing an additional 119,991 shares during the period. Assenagon Asset Management S.A. lifted its holdings in American Axle & Manufacturing by 540.2% in the third quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock worth $1,233,000 after buying an additional 168,348 shares during the period. Quest Partners LLC lifted its holdings in American Axle & Manufacturing by 3,849.5% in the second quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock worth $1,167,000 after buying an additional 162,681 shares during the period. Federated Hermes Inc. grew its holdings in shares of American Axle & Manufacturing by 84.0% during the 2nd quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock worth $1,534,000 after acquiring an additional 100,231 shares during the period. Finally, Algert Global LLC grew its holdings in shares of American Axle & Manufacturing by 31.9% during the 3rd quarter. Algert Global LLC now owns 921,396 shares of the auto parts company’s stock worth $5,694,000 after acquiring an additional 223,032 shares during the period. Institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

AXL has been the topic of several research reports. Bank of America lifted their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average price target of $7.38.

American Axle & Manufacturing Trading Down 1.3 %

American Axle & Manufacturing stock opened at $6.61 on Monday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.99. The company has a market capitalization of $777.20 million, a price-to-earnings ratio of 27.54 and a beta of 1.95. The business’s fifty day simple moving average is $6.22 and its two-hundred day simple moving average is $6.62. 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. American Axle & Manufacturing’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.45 earnings per share for the current fiscal year.

American Axle & Manufacturing 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.