Kailix Advisors LLC Buys New Position in American Axle & Manufacturing Holdings, Inc. $AXL

Kailix Advisors LLC purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 732,000 shares of the auto parts company’s stock, valued at approximately $4,399,000. American Axle & Manufacturing accounts for 6.0% of Kailix Advisors LLC’s portfolio, making the stock its 7th biggest holding. Kailix Advisors LLC owned about 0.62% of American Axle & Manufacturing at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AXL. Hantz Financial Services Inc. lifted its position in shares of American Axle & Manufacturing by 267.7% during the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 3,191 shares in the last quarter. Riverbend Wealth Management LLC acquired a new position in American Axle & Manufacturing in the 2nd quarter worth $42,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in American Axle & Manufacturing in the 2nd quarter valued at about $47,000. CWM LLC grew its stake in American Axle & Manufacturing by 685.1% during the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 14,804 shares in the last quarter. Finally, Ethic Inc. raised its holdings in American Axle & Manufacturing by 63.4% in the second quarter. Ethic Inc. now owns 22,371 shares of the auto parts company’s stock valued at $94,000 after acquiring an additional 8,678 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $9.18 on Friday. The stock’s fifty day simple moving average is $7.46 and its 200 day simple moving average is $6.45. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.60. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $9.00.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. UBS Group upped 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. Wall Street Zen upgraded American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Morgan Stanley set a $7.00 price objective on American Axle & Manufacturing in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

American Axle & Manufacturing Company 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.