Trexquant Investment LP Raises Stock Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Trexquant Investment LP grew its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876,266 shares of the auto parts company’s stock after buying an additional 165,905 shares during the period. Trexquant Investment LP owned 0.75% of American Axle & Manufacturing worth $5,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in American Axle & Manufacturing in the third quarter worth approximately $62,000. Cibc World Markets Corp acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $63,000. Zacks Investment Management purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth $70,000. Quarry LP increased its position in shares of American Axle & Manufacturing by 51.9% during the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after purchasing an additional 4,098 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AXL. UBS Group lowered their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley cut their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Barclays decreased their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Cowen began coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Finally, TD Cowen started coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They set a “hold” rating and a $5.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Price Performance

AXL stock opened at $3.41 on Friday. The business’s 50-day moving average is $4.82 and its two-hundred day moving average is $5.69. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The firm has a market capitalization of $402.92 million, a P/E ratio of 12.16 and a beta of 1.85. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.17 and a 1 year high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

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 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.