Intech Investment Management LLC Purchases 57,790 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Intech Investment Management LLC grew its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 374.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,233 shares of the auto parts company’s stock after acquiring an additional 57,790 shares during the quarter. Intech Investment Management LLC owned 0.06% of American Axle & Manufacturing worth $453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of American Axle & Manufacturing by 13.5% in the second quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 1,665 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in American Axle & Manufacturing by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 84,592 shares of the auto parts company’s stock valued at $591,000 after purchasing an additional 2,066 shares during the period. Xponance Inc. raised its position in American Axle & Manufacturing by 18.2% during the 2nd quarter. Xponance Inc. now owns 18,225 shares of the auto parts company’s stock valued at $127,000 after purchasing an additional 2,800 shares during the last quarter. Highland Capital Management LLC lifted its holdings in American Axle & Manufacturing by 10.8% in the 3rd quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after buying an additional 2,868 shares during the period. Finally, KBC Group NV increased its stake in shares of American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after buying an additional 3,211 shares during the period. Institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AXL shares. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Bank of America raised their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus price target of $7.38.

American Axle & Manufacturing Trading Up 3.3 %

Shares of American Axle & Manufacturing stock opened at $6.83 on Tuesday. The business has a 50-day moving average price of $6.24 and a 200-day moving average price of $6.61. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $5.43 and a twelve month high of $8.99. The firm has a market cap of $802.48 million, a price-to-earnings ratio of 28.44 and a beta of 1.95. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.25. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. American Axle & Manufacturing’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.45 EPS 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.