Aperio Group LLC raised its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 12.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,977 shares of the auto parts company’s stock after purchasing an additional 6,939 shares during the quarter. Aperio Group LLC owned 0.06% of American Axle & Manufact. worth $1,116,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Foundry Partners LLC increased its holdings in American Axle & Manufact. by 2.5% during the 3rd quarter. Foundry Partners LLC now owns 974,033 shares of the auto parts company’s stock worth $16,987,000 after purchasing an additional 23,522 shares during the period. Louisiana State Employees Retirement System increased its holdings in American Axle & Manufact. by 10.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 49,200 shares of the auto parts company’s stock worth $858,000 after purchasing an additional 4,700 shares during the period. Bank of Montreal Can increased its holdings in American Axle & Manufact. by 35.5% during the 3rd quarter. Bank of Montreal Can now owns 306,266 shares of the auto parts company’s stock worth $5,342,000 after purchasing an additional 80,160 shares during the period. Hennessy Advisors Inc. purchased a new stake in American Axle & Manufact. during the 3rd quarter worth about $28,045,000. Finally, State of Alaska Department of Revenue increased its holdings in American Axle & Manufact. by 11.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,164 shares of the auto parts company’s stock worth $630,000 after purchasing an additional 3,671 shares during the period. Institutional investors own 98.64% of the company’s stock.

Several brokerages have weighed in on AXL. Barclays set a $15.00 price target on American Axle & Manufact. and gave the stock a “buy” rating in a report on Monday, November 5th. B. Riley cut their price target on American Axle & Manufact. from $12.00 to $10.00 and set a “sell” rating on the stock in a report on Monday, November 5th. Royal Bank of Canada cut their price target on American Axle & Manufact. from $25.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Bank of America upgraded American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price target on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. Finally, TheStreet downgraded American Axle & Manufact. from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.10.

NYSE:AXL opened at $11.58 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 3.09, a price-to-earnings-growth ratio of 0.41 and a beta of 1.53. American Axle & Manufact. Holdings, Inc. has a 1 year low of $11.26 and a 1 year high of $19.63. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 2.11.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings data on Friday, November 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.27). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.57 earnings per share for the current year.

In other American Axle & Manufact. news, President Michael K. Simonte acquired 15,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $11.88 per share, with a total value of $178,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Christopher John May acquired 5,000 shares of the stock in a transaction dated Wednesday, November 7th. The shares were acquired at an average cost of $12.36 per share, with a total value of $61,800.00. Following the completion of the transaction, the chief financial officer now owns 72,885 shares in the company, valued at approximately $900,858.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 130,325 shares of company stock valued at $1,528,918. Insiders own 1.10% of the company’s stock.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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