Capital Research Global Investors maintained its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 707,000 shares of the auto parts company’s stock at the end of the second quarter. Capital Research Global Investors owned 0.64% of American Axle & Manufacturing Holdings worth $11,029,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of American Axle & Manufacturing Holdings by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock worth $168,853,000 after purchasing an additional 133,030 shares during the last quarter. BlackRock Inc. raised its position in shares of American Axle & Manufacturing Holdings by 4.2% during the 2nd quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock worth $157,338,000 after purchasing an additional 407,526 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Axle & Manufacturing Holdings by 41.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,654,109 shares of the auto parts company’s stock worth $88,203,000 after purchasing an additional 1,649,847 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of American Axle & Manufacturing Holdings by 1.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock worth $49,778,000 after purchasing an additional 58,360 shares during the last quarter. Finally, DnB Asset Management AS raised its position in shares of American Axle & Manufacturing Holdings by 125.7% during the 2nd quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock worth $44,061,000 after purchasing an additional 1,572,958 shares during the last quarter.

In related news, Director George Thanopoulos sold 125,000 shares of the company’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 value of $1,878,750.00. Following the completion of the sale, the director now owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

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Several research analysts recently issued reports on the company. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. BidaskClub downgraded American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Off Wall Street assumed coverage on American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They set a “buy” rating for the company. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and a consensus price target of $19.44.

Shares of American Axle & Manufacturing Holdings, Inc. (AXL) opened at 17.85 on Monday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The stock has a market capitalization of $1.99 billion, a PE ratio of 6.15 and a beta of 1.37. The firm has a 50-day moving average of $15.75 and a 200 day moving average of $16.08.

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

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.

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

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