S&T Bank PA Purchases 32,836 Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

S&T Bank PA increased its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 639,908 shares of the auto parts company’s stock after purchasing an additional 32,836 shares during the quarter. American Axle & Manufact. makes up about 1.8% of S&T Bank PA’s portfolio, making the stock its 20th biggest position. S&T Bank PA owned approximately 0.57% of American Axle & Manufact. worth $8,165,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AXL. Advisory Services Network LLC grew its stake in American Axle & Manufact. by 27.0% in the second quarter. Advisory Services Network LLC now owns 6,043 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 1,284 shares in the last quarter. Strs Ohio bought a new stake in American Axle & Manufact. during the 1st quarter valued at $88,000. Camelot Portfolios LLC bought a new stake in American Axle & Manufact. during the 2nd quarter valued at $128,000. Brave Asset Management Inc. boosted its position in American Axle & Manufact. by 24.5% during the 2nd quarter. Brave Asset Management Inc. now owns 13,075 shares of the auto parts company’s stock valued at $167,000 after acquiring an additional 2,575 shares in the last quarter. Finally, CWM Advisors LLC boosted its position in American Axle & Manufact. by 23.2% during the 2nd quarter. CWM Advisors LLC now owns 13,975 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 2,635 shares in the last quarter.

Shares of AXL traded up $0.02 during midday trading on Thursday, hitting $8.61. 2,228,111 shares of the company’s stock traded hands, compared to its average volume of 2,005,875. American Axle & Manufact. Holdings, Inc. has a 1 year low of $5.86 and a 1 year high of $19.34. The firm’s fifty day moving average is $8.20 and its 200-day moving average is $11.98. The company has a current ratio of 1.56, a quick ratio of 1.20 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $943.71 million, a price-to-earnings ratio of 2.63, a price-to-earnings-growth ratio of 0.48 and a beta of 2.17.



American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings data on Friday, August 2nd. The auto parts company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.04). American Axle & Manufact. had a negative net margin of 2.94% and a positive return on equity of 14.28%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities research analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 2.11 EPS for the current year.

AXL has been the topic of several recent research reports. Credit Suisse Group initiated coverage on American Axle & Manufact. in a research report on Wednesday, June 26th. They set an “outperform” rating and a $15.00 target price on the stock. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Barclays dropped their target price on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, TheStreet cut American Axle & Manufact. from a “c-” rating to a “d+” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. American Axle & Manufact. has an average rating of “Hold” and an average target price of $16.33.

About American Axle & Manufact.

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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