Boston Advisors LLC Grows Position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Boston Advisors LLC raised its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 130.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,573 shares of the auto parts company’s stock after acquiring an additional 94,837 shares during the period. Boston Advisors LLC’s holdings in American Axle & Manufact. were worth $1,377,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in American Axle & Manufact. by 2.4% during the 2nd quarter. BlackRock Inc. now owns 16,865,767 shares of the auto parts company’s stock worth $215,209,000 after acquiring an additional 389,512 shares during the last quarter. Vanguard Group Inc. grew its position in shares of American Axle & Manufact. by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,333,245 shares of the auto parts company’s stock worth $157,371,000 after buying an additional 437,260 shares during the last quarter. Northern Trust Corp grew its position in shares of American Axle & Manufact. by 1.5% in the 2nd quarter. Northern Trust Corp now owns 2,558,847 shares of the auto parts company’s stock worth $32,651,000 after buying an additional 37,700 shares during the last quarter. Prudential PLC grew its position in shares of American Axle & Manufact. by 19.1% in the 2nd quarter. Prudential PLC now owns 2,443,200 shares of the auto parts company’s stock worth $31,175,000 after buying an additional 392,300 shares during the last quarter. Finally, FMR LLC grew its position in shares of American Axle & Manufact. by 10.5% in the 1st quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock worth $30,340,000 after buying an additional 201,300 shares during the last quarter.

AXL stock opened at $10.09 on Friday. American Axle & Manufact. Holdings, Inc. has a 1-year low of $5.86 and a 1-year high of $17.20. The business has a fifty day moving average price of $8.73 and a 200-day moving average price of $9.97. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.78 and a quick ratio of 1.45. The stock has a market capitalization of $1.19 billion, a P/E ratio of 5.44, a P/E/G ratio of 0.85 and a beta of 2.17.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, November 1st. The auto parts company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. American Axle & Manufact. had a positive return on equity of 14.79% and a negative net margin of 5.77%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. As a group, analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 1.54 earnings per share for the current year.

A number of equities research analysts have recently weighed in on AXL shares. ValuEngine lowered American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. TheStreet lowered American Axle & Manufact. from a “c-” rating to a “d+” rating in a research report on Tuesday, August 27th. Bank of America restated a “buy” rating and set a $15.00 price target on shares of American Axle & Manufact. in a research report on Tuesday, September 24th. Finally, Barclays lowered American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price target on the stock. in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.71.

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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