12,998 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Acquired by Creative Planning

Creative Planning purchased a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, HoldingsChannel.com reports. The fund purchased 12,998 shares of the auto parts company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its stake in American Axle & Manufacturing by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 102,451 shares of the auto parts company’s stock worth $754,000 after purchasing an additional 1,370 shares during the period. ProShare Advisors LLC boosted its position in shares of American Axle & Manufacturing by 7.4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after buying an additional 1,582 shares during the period. QRG Capital Management Inc. grew its holdings in shares of American Axle & Manufacturing by 13.5% during the second quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock worth $98,000 after buying an additional 1,665 shares in the last quarter. SummerHaven Investment Management LLC raised its position in American Axle & Manufacturing by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 84,592 shares of the auto parts company’s stock valued at $591,000 after buying an additional 2,066 shares during the last quarter. Finally, Xponance Inc. lifted its stake in American Axle & Manufacturing by 18.2% in the 2nd quarter. Xponance Inc. now owns 18,225 shares of the auto parts company’s stock valued at $127,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Down 2.5 %

American Axle & Manufacturing stock opened at $6.54 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $5.43 and a fifty-two week high of $8.99. The firm has a market capitalization of $768.98 million, a PE ratio of 27.96 and a beta of 1.95. The company’s 50-day moving average is $6.08 and its 200-day moving average is $6.73. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXL. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective 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 stock an “underperform” rating in a research note on Monday, August 12th. Finally, Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $7.38.

American Axle & Manufacturing Company Profile

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.