AXQ Capital LP Makes New Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

AXQ Capital LP purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,286 shares of the auto parts company’s stock, valued at approximately $77,000.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in American Axle & Manufacturing by 45.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock worth $2,380,000 after purchasing an additional 119,991 shares in the last quarter. Intech Investment Management LLC increased its position in shares of American Axle & Manufacturing by 374.2% during the third quarter. Intech Investment Management LLC now owns 73,233 shares of the auto parts company’s stock worth $453,000 after acquiring an additional 57,790 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of American Axle & Manufacturing by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock worth $15,837,000 after acquiring an additional 65,535 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in American Axle & Manufacturing by 325.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company’s stock valued at $1,204,000 after acquiring an additional 148,909 shares in the last quarter. Finally, FMR LLC boosted its stake in American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock worth $3,160,000 after purchasing an additional 104,936 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AXL. UBS Group dropped their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Cowen initiated coverage on shares of American Axle & Manufacturing in a research note on Thursday, March 6th. They set a “hold” rating for the company. Barclays cut their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, TD Cowen began coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Stock Up 2.4 %

Shares of AXL stock opened at $4.56 on Tuesday. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $4.38 and a 52-week high of $7.98. The stock has a market cap of $535.70 million, a price-to-earnings ratio of 16.27 and a beta of 1.85. The firm’s 50-day moving average is $5.15 and its 200-day moving average is $5.80. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. 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.