Barclays PLC Grows Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barclays PLC increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 274.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,795 shares of the auto parts company’s stock after buying an additional 146,430 shares during the period. Barclays PLC owned about 0.17% of American Axle & Manufacturing worth $1,234,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of American Axle & Manufacturing during the 2nd quarter valued at approximately $41,000. KBC Group NV raised its holdings 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 worth $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP lifted its position in shares of American Axle & Manufacturing by 159.2% in the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock worth $55,000 after buying an additional 4,851 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at about $62,000. Finally, Zacks Investment Management bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter valued at about $70,000. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Price Performance

AXL opened at $5.86 on Monday. The firm has a market capitalization of $689.02 million, a P/E ratio of 24.42 and a beta of 1.95. The stock has a fifty day moving average of $6.31 and a 200-day moving average of $6.45. 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 Holdings, Inc. has a 12-month low of $5.43 and a 12-month high of $8.98.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned ($0.11) EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AXL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.