American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 940,409 shares of the auto parts company’s stock after purchasing an additional 73,529 shares during the period. Dana Investment Advisors Inc. owned approximately 0.80% of American Axle & Manufacturing worth $6,573,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AXL. Sona Asset Management US LLC acquired a new position in American Axle & Manufacturing in the first quarter valued at approximately $7,102,000. Norges Bank acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $7,024,000. Algert Global LLC grew its position in shares of American Axle & Manufacturing by 263.9% in the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after buying an additional 506,476 shares during the last quarter. Whitebox Advisors LLC raised its stake in American Axle & Manufacturing by 74.7% during the 1st quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock worth $8,064,000 after acquiring an additional 468,573 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in American Axle & Manufacturing by 16.1% in the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock valued at $20,197,000 after acquiring an additional 399,616 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

NYSE:AXL opened at $6.08 on Wednesday. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The firm has a market cap of $714.72 million, a price-to-earnings ratio of -86.86 and a beta of 1.95. The firm’s fifty day moving average price is $6.33 and its 200 day moving average price is $6.95. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.43 and a 1-year high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. On average, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AXL. Bank of America raised their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.10.

About American Axle & Manufacturing

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.