Swiss National Bank grew its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,900 shares of the auto parts company’s stock after acquiring an additional 18,300 shares during the period. Swiss National Bank owned about 0.12% of American Axle & Manufacturing Holdings worth $2,151,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of American Axle & Manufacturing Holdings by 6.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock valued at $123,000 after acquiring an additional 380 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of American Axle & Manufacturing Holdings during the 1st quarter worth approximately $124,000. CIBC Asset Management Inc purchased a new position in shares of American Axle & Manufacturing Holdings during the 2nd quarter worth approximately $162,000. Miles Capital Inc. increased its stake in shares of American Axle & Manufacturing Holdings by 0.3% during the 1st quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock worth $222,000 after purchasing an additional 31 shares in the last quarter. Finally, Invictus RG increased its stake in shares of American Axle & Manufacturing Holdings by 22.2% during the 1st quarter. Invictus RG now owns 12,343 shares of the auto parts company’s stock worth $232,000 after purchasing an additional 2,246 shares in the last quarter.

A number of brokerages have recently weighed in on AXL. ValuEngine raised shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Off Wall Street began coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating for the company. BidaskClub raised shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. KeyCorp reissued a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. Finally, Zacks Investment Research cut shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.44.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 17.97 on Thursday. The stock has a market capitalization of $2.00 billion, a PE ratio of 6.19 and a beta of 1.38. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The firm has a 50-day moving average of $15.54 and a 200 day moving average of $16.09.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 71.4% on a year-over-year basis. On average, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current fiscal year.

In other news, Director George Thanopoulos sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the sale, the director now owns 1,001,986 shares in the company, valued at $15,059,849.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

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About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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