Barclays PLC Acquires 146,430 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barclays PLC raised its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 274.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 199,795 shares of the auto parts company’s stock after acquiring an additional 146,430 shares during the quarter. Barclays PLC’s holdings in American Axle & Manufacturing were worth $1,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AXL. Thrivent Financial for Lutherans increased its stake in shares of American Axle & Manufacturing by 45.3% in the third quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock worth $2,380,000 after purchasing an additional 119,991 shares during the period. XTX Topco Ltd acquired a new stake in American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. FMR LLC grew its holdings in American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock valued at $3,160,000 after buying an additional 104,936 shares during the last quarter. Assenagon Asset Management S.A. increased its position in American Axle & Manufacturing by 540.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock worth $1,233,000 after buying an additional 168,348 shares during the period. Finally, Federated Hermes Inc. increased its position in American Axle & Manufacturing by 84.0% during the second quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock worth $1,534,000 after acquiring an additional 100,231 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL opened at $5.86 on Monday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.98. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The stock has a market cap of $689.02 million, a P/E ratio of 24.42 and a beta of 1.95. The company has a fifty day simple moving average of $6.31 and a 200 day simple moving average of $6.45.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted ($0.11) EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

AXL has been the subject of a number of research reports. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Axle & Manufacturing has an average rating of “Hold” and an average target price 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.