Alliancebernstein L.P. maintained its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,581 shares of the auto parts company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in American Axle & Manufacturing Holdings were worth $2,077,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of AXL. Vident Investment Advisory LLC acquired a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at about $2,227,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at about $1,121,000. Arizona State Retirement System raised its stake in shares of American Axle & Manufacturing Holdings by 1.0% in the first quarter. Arizona State Retirement System now owns 39,800 shares of the auto parts company’s stock valued at $747,000 after buying an additional 400 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of American Axle & Manufacturing Holdings by 89.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 70,060 shares of the auto parts company’s stock valued at $1,316,000 after buying an additional 33,120 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of American Axle & Manufacturing Holdings by 88.1% in the first quarter. Prudential Financial Inc. now owns 570,871 shares of the auto parts company’s stock valued at $10,721,000 after buying an additional 267,430 shares during the last quarter.
Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) traded up 1.42% during trading on Friday, hitting $14.29. 1,669,069 shares of the stock traded hands. The stock has a 50-day moving average of $15.56 and a 200 day moving average of $17.64. The company has a market cap of $1.59 billion, a P/E ratio of 4.92 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25.
American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business earned $0.90 earnings per share. American Axle & Manufacturing Holdings’s revenue was up 71.4% compared to the same quarter last year. On average, equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post $3.18 EPS for the current fiscal year.
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Several equities research analysts have issued reports on AXL shares. Zacks Investment Research lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a research report on Monday, May 8th. ValuEngine downgraded shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $11.00 price objective (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research report on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and an average target price of $19.90.
American Axle & Manufacturing Holdings Company Profile
American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.
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