Mutual of America Capital Management LLC Cuts Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Mutual of America Capital Management LLC lowered its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,685 shares of the auto parts company’s stock after selling 1,637 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Axle & Manufacturing were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of American Axle & Manufacturing by 5.4% in the third quarter. Empowered Funds LLC now owns 524,226 shares of the auto parts company’s stock valued at $3,240,000 after purchasing an additional 26,666 shares during the period. KBC Group NV raised its position in shares of American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the last quarter. MQS Management LLC acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth about $207,000. Aigen Investment Management LP purchased a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $121,000. Finally, Entropy Technologies LP acquired a new position in shares of American Axle & Manufacturing during the third quarter valued at approximately $95,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 1.3 %

Shares of AXL stock opened at $6.61 on Friday. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $5.43 and a twelve month high of $8.99. The stock has a market cap of $777.21 million, a price-to-earnings ratio of 27.54 and a beta of 1.95. The company’s 50-day moving average price is $6.22 and its 200-day moving average price is $6.63. 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 posted its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.25. The business had revenue of $1.50 billion during 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%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company 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 year.

Analysts Set New Price Targets

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

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.