Metropolitan Life Insurance Co NY Grows Stock Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Metropolitan Life Insurance Co NY raised its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 126,256.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 31,589 shares of the auto parts company’s stock after acquiring an additional 31,564 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in American Axle & Manufacturing were worth $327,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in American Axle & Manufacturing by 79.0% in the second quarter. American Century Companies Inc. now owns 284,902 shares of the auto parts company’s stock valued at $2,949,000 after buying an additional 125,743 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of American Axle & Manufacturing by 5.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,467,952 shares of the auto parts company’s stock valued at $25,544,000 after purchasing an additional 138,460 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of American Axle & Manufacturing in the first quarter valued at about $2,386,000. Advisor Partners LLC acquired a new position in shares of American Axle & Manufacturing in the first quarter valued at about $99,000. Finally, AQR Capital Management LLC increased its holdings in shares of American Axle & Manufacturing by 50.6% in the first quarter. AQR Capital Management LLC now owns 138,160 shares of the auto parts company’s stock valued at $1,335,000 after purchasing an additional 46,450 shares during the period. Institutional investors own 89.55% of the company’s stock.

American Axle & Manufacturing stock opened at $9.73 on Thursday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.10 and a beta of 2.40. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $7.28 and a 52 week high of $13.06. The business’s 50-day moving average price is $9.52 and its 200 day moving average price is $9.86. The company has a quick ratio of 1.40, a current ratio of 1.82 and a debt-to-equity ratio of 7.17.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Thursday, November 4th. The auto parts company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.01 by $0.14. American Axle & Manufacturing had a return on equity of 43.98% and a net margin of 1.65%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.15 earnings per share. American Axle & Manufacturing’s quarterly revenue was down 14.2% compared to the same quarter last year. Equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 1.06 EPS for the current year.

Separately, Zacks Investment Research lowered American Axle & Manufacturing from a “hold” rating to a “strong sell” rating and set a $8.00 price objective on the stock. in a report on Friday, October 8th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.14.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline and Metal Forming. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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