Federated Investors Inc. PA Buys 5,817 Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Federated Investors Inc. PA boosted its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 682,797 shares of the auto parts company’s stock after purchasing an additional 5,817 shares during the quarter. Federated Investors Inc. PA’s holdings in American Axle & Manufact. were worth $9,771,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AXL. Truvestments Capital LLC acquired a new stake in shares of American Axle & Manufact. during the first quarter worth $33,000. Oregon Public Employees Retirement Fund acquired a new position in American Axle & Manufact. in the fourth quarter valued at $42,000. O Shaughnessy Asset Management LLC acquired a new position in American Axle & Manufact. in the fourth quarter valued at $45,000. Advisory Services Network LLC boosted its holdings in American Axle & Manufact. by 535.0% in the fourth quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 3,756 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in American Axle & Manufact. by 119.8% in the fourth quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 2,726 shares during the last quarter. Institutional investors and hedge funds own 98.64% of the company’s stock.

NYSE:AXL opened at $11.68 on Wednesday. American Axle & Manufact. Holdings, Inc. has a 12-month low of $9.96 and a 12-month high of $19.34. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.47 and a quick ratio of 1.14. The stock has a market capitalization of $1.32 billion, a P/E ratio of 3.56, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.



American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. American Axle & Manufact. had a negative net margin of 1.48% and a positive return on equity of 18.62%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities analysts predict that American Axle & Manufact. Holdings, Inc. will post 2.73 EPS for the current fiscal year.

A number of brokerages recently weighed in on AXL. Zacks Investment Research upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Barclays reiterated a “buy” rating and issued a $20.00 target price on shares of American Axle & Manufact. in a report on Thursday, May 9th. ValuEngine cut American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 7th. Buckingham Research cut their price objective on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Finally, TheStreet lowered American Axle & Manufact. from a “b-” rating to a “c” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. American Axle & Manufact. has a consensus rating of “Hold” and an average price target of $17.50.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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