American Axle & Manufacturing Holdings, Inc. $AXL Shares Acquired by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 14.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,102 shares of the auto parts company’s stock after acquiring an additional 12,136 shares during the period. Inspire Investing LLC’s holdings in American Axle & Manufacturing were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its stake in American Axle & Manufacturing by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company’s stock valued at $485,000 after acquiring an additional 4,154 shares in the last quarter. Signaturefd LLC raised its stake in shares of American Axle & Manufacturing by 825.6% in the 2nd quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company’s stock worth $28,000 after buying an additional 6,225 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of American Axle & Manufacturing by 8.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 70,337 shares of the auto parts company’s stock worth $286,000 after buying an additional 5,186 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of American Axle & Manufacturing by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company’s stock worth $465,000 after buying an additional 2,473 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of American Axle & Manufacturing by 6.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 231,928 shares of the auto parts company’s stock worth $946,000 after buying an additional 13,331 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 1.9%

Shares of American Axle & Manufacturing stock opened at $5.42 on Tuesday. The stock’s fifty day moving average is $5.82 and its 200-day moving average is $4.74. The firm has a market capitalization of $643.14 million, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.03.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the firm earned $0.19 earnings per share. American Axle & Manufacturing’s revenue for the quarter was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a “hold” rating and a $6.00 price objective on the stock. UBS Group boosted their price objective on American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wall Street Zen downgraded American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada raised American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

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.