American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Stock Position Raised by Barclays PLC

Barclays PLC boosted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 274.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,795 shares of the auto parts company’s stock after purchasing an additional 146,430 shares during the period. Barclays PLC owned 0.17% of American Axle & Manufacturing worth $1,234,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. KBC Group NV increased its stake in shares of American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 3,211 shares during the last quarter. Quarry LP increased its position in 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 purchasing an additional 4,851 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth about $62,000. Headlands Technologies LLC acquired a new stake in shares of American Axle & Manufacturing during the 2nd quarter valued at about $75,000. Finally, Zacks Investment Management bought a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $70,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 2.2 %

Shares of NYSE:AXL opened at $5.43 on Tuesday. The stock’s 50-day moving average is $6.26 and its 200-day moving average is $6.35. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $5.41 and a 52-week high of $8.98. The company has a market cap of $638.46 million, a P/E ratio of 22.63 and a beta of 1.96. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65.

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, beating analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company posted ($0.11) EPS. The business’s revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current year.

American Axle & Manufacturing Company Profile

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.