Nationwide Fund Advisors Has $1.17 Million Position in American Axle & Manufacturing Holdings, Inc. (AXL)

Nationwide Fund Advisors boosted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 23.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,904 shares of the auto parts company’s stock after purchasing an additional 14,280 shares during the quarter. Nationwide Fund Advisors owned about 0.07% of American Axle & Manufacturing Holdings worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in American Axle & Manufacturing Holdings by 6.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock valued at $123,000 after purchasing an additional 380 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in American Axle & Manufacturing Holdings in the first quarter valued at about $124,000. CIBC Asset Management Inc acquired a new position in American Axle & Manufacturing Holdings in the second quarter valued at about $162,000. AXA raised its stake in American Axle & Manufacturing Holdings by 24.8% in the first quarter. AXA now owns 12,600 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in American Axle & Manufacturing Holdings in the second quarter valued at about $255,000.

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In related news, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

AXL has been the subject of a number of analyst reports. BidaskClub raised American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Off Wall Street began coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating for the company. ValuEngine downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, KeyCorp reissued a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.50.

American Axle & Manufacturing Holdings, Inc. (AXL) opened at 18.70 on Monday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The firm has a market cap of $2.08 billion, a P/E ratio of 6.44 and a beta of 1.38. The stock has a 50 day moving average price of $16.88 and a 200 day moving average price of $16.03.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.30 EPS for the current year.

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.

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Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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