KBC Group NV Increases Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

KBC Group NV boosted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 81.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,160 shares of the auto parts company’s stock after purchasing an additional 3,211 shares during the quarter. KBC Group NV’s holdings in American Axle & Manufacturing were worth $44,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufacturing by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock worth $57,797,000 after purchasing an additional 236,423 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in American Axle & Manufacturing by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,873,408 shares of the auto parts company’s stock worth $41,055,000 after acquiring an additional 64,546 shares in the last quarter. American Century Companies Inc. lifted its holdings in American Axle & Manufacturing by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after buying an additional 399,616 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in American Axle & Manufacturing during the 1st quarter valued at approximately $7,102,000. Finally, Dana Investment Advisors Inc. increased its stake in shares of American Axle & Manufacturing by 8.5% in the second quarter. Dana Investment Advisors Inc. now owns 940,409 shares of the auto parts company’s stock worth $6,573,000 after buying an additional 73,529 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Up 2.2 %

NYSE AXL opened at $6.52 on Friday. The firm’s 50 day moving average price is $6.16 and its two-hundred day moving average price is $6.66. The stock has a market cap of $766.62 million, a price-to-earnings ratio of 27.17 and a beta of 1.95. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $5.43 and a twelve month high of $8.99. 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 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Bank of America increased their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. Finally, Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. 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. Based on data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $7.38.

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.