TradeLink Capital LLC Acquires Shares of 13,300 American Axle & Manufact. Holdings, Inc. (AXL)

TradeLink Capital LLC acquired a new stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,300 shares of the auto parts company’s stock, valued at approximately $250,000. American Axle & Manufact. Holdings accounts for approximately 4.1% of TradeLink Capital LLC’s portfolio, making the stock its 7th largest position.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of American Axle & Manufact. Holdings by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,352,448 shares of the auto parts company’s stock valued at $64,703,000 after buying an additional 314,266 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of American Axle & Manufact. Holdings by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,849,546 shares of the auto parts company’s stock valued at $49,069,000 after buying an additional 29,372 shares during the last quarter. Prudential PLC increased its stake in shares of American Axle & Manufact. Holdings by 25.7% in the fourth quarter. Prudential PLC now owns 2,074,905 shares of the auto parts company’s stock valued at $40,045,000 after buying an additional 424,300 shares during the last quarter. Numeric Investors LLC increased its stake in shares of American Axle & Manufact. Holdings by 19.2% in the fourth quarter. Numeric Investors LLC now owns 1,678,256 shares of the auto parts company’s stock valued at $32,390,000 after buying an additional 270,000 shares during the last quarter. Finally, State Street Corp increased its stake in shares of American Axle & Manufact. Holdings by 7.5% in the fourth quarter. State Street Corp now owns 1,648,331 shares of the auto parts company’s stock valued at $31,809,000 after buying an additional 114,333 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

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

Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) traded down 0.57% during mid-day trading on Friday, hitting $15.68. The stock had a trading volume of 1,604,066 shares. American Axle & Manufact. Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The stock’s 50-day moving average price is $17.12 and its 200 day moving average price is $18.22. The company has a market capitalization of $1.74 billion, a P/E ratio of 4.80 and a beta of 1.37.

American Axle & Manufact. Holdings (NYSE:AXL) last announced its quarterly earnings data on Friday, May 5th. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.15. American Axle & Manufact. Holdings had a return on equity of 54.01% and a net margin of 6.10%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.78 EPS. American Axle & Manufact. Holdings’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that American Axle & Manufact. Holdings, Inc. will post $3.38 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on AXL shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a $23.00 price objective on shares of American Axle & Manufact. Holdings in a research note on Monday, May 8th. FBR & Co restated an “underperform” rating on shares of American Axle & Manufact. Holdings in a research note on Monday, February 13th. Citigroup Inc cut American Axle & Manufact. Holdings from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $24.00 in a research report on Monday, February 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised American Axle & Manufact. Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Tuesday, February 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. American Axle & Manufact. Holdings has an average rating of “Hold” and an average target price of $20.38.

About American Axle & Manufact. Holdings

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.

12 Month Chart for NYSE:AXL

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