Campbell & CO Investment Adviser LLC Purchases 23,558 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Campbell & CO Investment Adviser LLC increased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 160.8% during the 2nd quarter, Holdings Channel reports. The firm owned 38,212 shares of the auto parts company’s stock after purchasing an additional 23,558 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in American Axle & Manufacturing were worth $156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC lifted its position in shares of American Axle & Manufacturing by 465.1% during the 1st quarter. HITE Hedge Asset Management LLC now owns 1,944,668 shares of the auto parts company’s stock worth $7,915,000 after buying an additional 1,600,512 shares in the last quarter. JB Capital Partners LP increased its position in shares of American Axle & Manufacturing by 622.6% during the first quarter. JB Capital Partners LP now owns 957,500 shares of the auto parts company’s stock valued at $3,897,000 after acquiring an additional 825,000 shares during the last quarter. Millennium Management LLC lifted its holdings in American Axle & Manufacturing by 77.9% during the first quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company’s stock worth $6,311,000 after acquiring an additional 679,042 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in American Axle & Manufacturing by 20.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock worth $10,783,000 after acquiring an additional 444,134 shares during the period. Finally, American Century Companies Inc. boosted its position in American Axle & Manufacturing by 11.1% in the first quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company’s stock worth $17,434,000 after purchasing an additional 427,071 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AXL has been the subject of several research analyst reports. UBS Group raised their target price on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Monday, October 6th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday. Stifel Nicolaus increased their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen cut shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $7.17.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $6.03 on Wednesday. The firm has a market cap of $715.14 million, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.60. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The company’s 50 day moving average is $6.09 and its 200-day moving average is $5.23. 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 released its quarterly earnings data on Friday, November 7th. The auto parts company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. American Axle & Manufacturing’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share 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.