The Manufacturers Life Insurance Company increased its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,286 shares of the auto parts company’s stock after acquiring an additional 5,002 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of American Axle & Manufacturing Holdings worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in American Axle & Manufacturing Holdings by 6.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock worth $123,000 after buying an additional 380 shares during the period. Capital One National Association lifted its holdings in American Axle & Manufacturing Holdings by 6.1% in the 2nd quarter. Capital One National Association now owns 20,878 shares of the auto parts company’s stock worth $326,000 after buying an additional 1,209 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in American Axle & Manufacturing Holdings by 2.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 67,689 shares of the auto parts company’s stock worth $1,056,000 after buying an additional 1,363 shares during the period. New York State Teachers Retirement System lifted its holdings in American Axle & Manufacturing Holdings by 3.2% in the 1st quarter. New York State Teachers Retirement System now owns 54,655 shares of the auto parts company’s stock worth $1,026,000 after buying an additional 1,700 shares during the period. Finally, Amalgamated Bank lifted its holdings in American Axle & Manufacturing Holdings by 18.7% in the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after buying an additional 1,900 shares during the period.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at $17.44 on Tuesday. The company has a market capitalization of $1,940.00, a P/E ratio of 4.77, a PEG ratio of 0.62 and a beta of 1.37. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufacturing Holdings, Inc. has a one year low of $13.38 and a one year high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.21. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. American Axle & Manufacturing Holdings had a return on equity of 36.26% and a net margin of 5.07%. The firm’s revenue for the quarter was up 71.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. analysts expect that American Axle & Manufacturing Holdings, Inc. will post 3.5 earnings per share for the current year.

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AXL has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a report on Friday, November 3rd. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a report on Sunday, September 17th. Zacks Investment Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, B. Riley reiterated a “sell” rating on shares of American Axle & Manufacturing Holdings in a report on Wednesday, November 8th. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.56.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 123,901 shares of American Axle & Manufacturing Holdings stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the completion of the transaction, the director now owns 876,745 shares in the company, valued at $13,282,686.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

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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