Invst LLC Invests $668,000 in American Axle & Manufacturing Holdings, Inc. $AXL

Invst LLC acquired a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 164,225 shares of the auto parts company’s stock, valued at approximately $668,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXL. Lazard Asset Management LLC bought a new position in American Axle & Manufacturing in the fourth quarter worth $51,000. Ethic Inc. bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at about $59,000. Golden State Equity Partners bought a new position in shares of American Axle & Manufacturing in the first quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC bought a new stake in American Axle & Manufacturing during the 4th quarter worth about $62,000. Finally, 111 Capital bought a new stake in American Axle & Manufacturing during the 4th quarter worth about $67,000. 91.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AXL has been the subject of several recent research reports. Morgan Stanley dropped their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Stifel Nicolaus began coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They set a “hold” rating and a $6.00 price target for the company. Finally, Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.75.

American Axle & Manufacturing Stock Down 2.9%

AXL opened at $5.88 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The stock’s fifty day simple moving average is $5.23 and its 200 day simple moving average is $4.53. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.03. The stock has a market cap of $697.13 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.61.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.