American Axle & Manufacturing Holdings, Inc. (AXL) Stake Increased by Morgan Stanley

Morgan Stanley increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 418,610 shares of the auto parts company’s stock after buying an additional 27,281 shares during the period. Morgan Stanley’s holdings in American Axle & Manufacturing Holdings were worth $7,862,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geneva Advisors LLC bought a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at about $629,000. 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 valued at $3,011,000 after buying an additional 71,294 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 valued at $2,934,000 after buying an additional 29,654 shares during the last quarter. Northpointe Capital LLC bought a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at about $6,876,000. Finally, 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 valued at $1,139,000 after buying an additional 9,319 shares during the last quarter.

American Axle & Manufacturing Holdings, Inc. (AXL) opened at 13.99 on Friday. The firm’s 50 day moving average price is $15.31 and its 200-day moving average price is $17.15. American Axle & Manufacturing Holdings, Inc. has a one year low of $12.61 and a one year high of $21.25. The company has a market capitalization of $1.56 billion, a PE ratio of 4.82 and a beta of 1.34.

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, topping the Zacks’ consensus estimate of $0.89 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. American Axle & Manufacturing Holdings’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. Equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on AXL. J P Morgan Chase & Co restated an “overweight” rating and issued a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Off Wall Street began coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating on the stock. BidaskClub raised American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, ValuEngine cut American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. American Axle & Manufacturing Holdings has an average rating of “Hold” and an average target price of $19.90.

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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