American Axle & Manufact. Holdings, Inc. (AXL) Position Raised by Kalos Management Inc.

Kalos Management Inc. boosted its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 42.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,253 shares of the auto parts company’s stock after buying an additional 8,106 shares during the quarter. Kalos Management Inc.’s holdings in American Axle & Manufact. were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AXL. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufact. by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock valued at $168,853,000 after buying an additional 133,030 shares during the period. BlackRock Inc. lifted its stake in shares of American Axle & Manufact. by 4.2% in the 2nd quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock valued at $157,338,000 after purchasing an additional 407,526 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Axle & Manufact. by 24.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock worth $124,142,000 after acquiring an additional 1,407,426 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in American Axle & Manufact. by 1.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock worth $49,778,000 after acquiring an additional 58,360 shares during the last quarter. Finally, Prudential PLC lifted its position in American Axle & Manufact. by 3.3% during the 2nd quarter. Prudential PLC now owns 2,302,800 shares of the auto parts company’s stock worth $35,924,000 after acquiring an additional 74,500 shares during the last quarter.

Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) opened at $16.96 on Tuesday. American Axle & Manufact. Holdings, Inc. has a 12 month low of $13.38 and a 12 month high of $21.25. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90. The company has a market cap of $1,869.67, a P/E ratio of 4.59, a price-to-earnings-growth ratio of 0.58 and a beta of 1.35.

American Axle & Manufact. (NYSE:AXL) last issued its earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 71.2% on a year-over-year basis. equities research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.6 EPS for the current fiscal year.

A number of research firms have weighed in on AXL. Royal Bank of Canada reissued a “buy” rating and set a $23.00 target price on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Bank of America boosted their target price on shares of American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Zacks Investment Research downgraded shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. B. Riley reissued a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Finally, Morgan Stanley reissued an “underweight” rating and issued a $16.00 target price (up previously from $11.00) on shares of American Axle & Manufact. in a research note on Tuesday, December 5th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. American Axle & Manufact. has a consensus rating of “Hold” and an average target price of $20.10.

In other news, major shareholder American Securities Llc sold 15,000,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.37, for a total transaction of $260,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Thanopoulos sold 150,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.64, for a total transaction of $2,646,000.00. Following the sale, the director now owns 399,013 shares of the company’s stock, valued at approximately $7,038,589.32. The disclosure for this sale can be found here. Insiders have sold 15,504,931 shares of company stock valued at $269,435,687 in the last three months. 0.96% of the stock is owned by insiders.

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American Axle & Manufact. Company 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 & Manufact. (NYSE:AXL)

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