American Axle & Manufacturing Holdings, Inc. $AXL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 63.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,143 shares of the auto parts company’s stock after selling 64,857 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American Axle & Manufacturing were worth $223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of American Axle & Manufacturing by 615.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company’s stock valued at $7,669,000 after purchasing an additional 1,617,069 shares in the last quarter. Whitebox Advisors LLC lifted its stake in American Axle & Manufacturing by 23.0% during the second quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock valued at $22,844,000 after purchasing an additional 1,047,820 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in American Axle & Manufacturing during the second quarter valued at approximately $3,231,000. Millennium Management LLC boosted 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 buying an additional 679,042 shares in the last quarter. Finally, Jump Financial LLC grew its position in American Axle & Manufacturing by 760.5% in the second quarter. Jump Financial LLC now owns 764,486 shares of the auto parts company’s stock worth $3,119,000 after buying an additional 675,642 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. UBS Group boosted their target price on American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. BWS Financial assumed coverage on American Axle & Manufacturing in a research report on Tuesday, January 27th. They issued a “buy” rating and a $17.00 price target for the company. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Morgan Stanley set a $7.00 price objective on shares of American Axle & Manufacturing in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.92.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $8.99 on Thursday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.24 and a beta of 1.60. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $9.00. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. The stock’s fifty day simple moving average is $7.08 and its 200-day simple moving average is $6.25.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, November 7th. The auto parts company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.20 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.