7.6% Stake of American Axle & Manufacturing Holdings, Inc. (AXL) Held by Vanguard Group Inc

Vanguard Group Inc

recently revealed that they own 7.6% of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in a Schedule 13G/A disclosure that was filed with the SEC on Friday, September 8th. The investor owns 8,435,292 shares of the stock worth $133,952,437. The filing is available through Edgar at this hyperlink.

A number of other hedge funds have also made changes to their positions in AXL. Louisiana State Employees Retirement System lifted its position in shares of American Axle & Manufacturing Holdings by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the auto parts company’s stock worth $586,000 after purchasing an additional 500 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock worth $158,000 after buying an additional 170 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of American Axle & Manufacturing Holdings by 18.2% in the first quarter. Nationwide Fund Advisors now owns 60,624 shares of the auto parts company’s stock worth $1,139,000 after buying an additional 9,319 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of American Axle & Manufacturing Holdings by 23.4% in the first quarter. Russell Investments Group Ltd. now owns 156,280 shares of the auto parts company’s stock worth $2,934,000 after buying an additional 29,654 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of American Axle & Manufacturing Holdings by 80.1% in the first quarter. Wells Fargo & Company MN now owns 160,325 shares of the auto parts company’s stock worth $3,011,000 after buying an additional 71,294 shares during the last quarter.

Shares of American Axle & Manufacturing Holdings, Inc. (AXL) traded up 1.102% during midday trading on Friday, reaching $16.055. 868,930 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $14.55 and a 200-day moving average of $16.41. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The company has a market capitalization of $1.79 billion, a PE ratio of 5.530 and a beta of 1.33.

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

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In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 123,901 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15. Following the transaction, the director now owns 876,745 shares in the company, valued at $13,282,686.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on AXL. ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Off Wall Street started coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They set a “buy” rating for the company. Finally, CLSA started coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price target for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. American Axle & Manufacturing Holdings currently has an average rating of “Hold” and an average price target of $19.90.

American Axle & Manufacturing Holdings Profile

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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