Amundi Increases Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Amundi grew its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 44.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,902 shares of the auto parts company’s stock after buying an additional 28,055 shares during the period. Amundi owned 0.08% of American Axle & Manufacturing worth $519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in 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 purchasing an additional 3,211 shares during the period. XTX Topco Ltd purchased a new stake in American Axle & Manufacturing during the third quarter valued at $62,000. Zacks Investment Management purchased a new stake in American Axle & Manufacturing during the third quarter valued at $70,000. Quarry LP increased its position in American Axle & Manufacturing by 51.9% in the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after buying an additional 4,098 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in American Axle & Manufacturing in the third quarter worth about $80,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on AXL shares. Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. TD Cowen started coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They set a “hold” rating and a $5.00 price target on the stock. Barclays cut their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Cowen began coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Finally, StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Stock Performance

AXL opened at $4.65 on Friday. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $4.39 and a 12-month high of $7.98. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $546.16 million, a PE ratio of 16.59 and a beta of 1.85. The firm has a 50 day moving average of $5.19 and a two-hundred day moving average of $5.83.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. On average, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing 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.