Neuburgh Advisers LLC Purchases 3,296 Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Neuburgh Advisers LLC grew its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 28.2% during the second quarter, HoldingsChannel.com reports. The firm owned 14,976 shares of the auto parts company’s stock after buying an additional 3,296 shares during the quarter. Neuburgh Advisers LLC’s holdings in American Axle & Manufact. were worth $191,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AXL. LSV Asset Management raised its holdings in American Axle & Manufact. by 49.8% during the first quarter. LSV Asset Management now owns 5,444,771 shares of the auto parts company’s stock worth $77,914,000 after acquiring an additional 1,809,991 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in American Axle & Manufact. by 17.3% during the second quarter. Allianz Asset Management GmbH now owns 1,692,095 shares of the auto parts company’s stock worth $21,591,000 after acquiring an additional 250,089 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in American Axle & Manufact. by 217.2% during the first quarter. ClariVest Asset Management LLC now owns 347,803 shares of the auto parts company’s stock worth $4,977,000 after acquiring an additional 238,169 shares in the last quarter. FMR LLC raised its holdings in American Axle & Manufact. by 10.5% during the first quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock worth $30,340,000 after acquiring an additional 201,300 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in American Axle & Manufact. by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 1,604,617 shares of the auto parts company’s stock worth $17,811,000 after acquiring an additional 189,832 shares in the last quarter.

AXL has been the topic of several analyst reports. Credit Suisse Group initiated coverage on American Axle & Manufact. in a report on Wednesday, June 26th. They set an “outperform” rating and a $15.00 target price on the stock. TheStreet lowered American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. Zacks Investment Research upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Barclays dropped their target price on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.33.

NYSE AXL traded up $0.36 during trading on Friday, reaching $8.97. 119,624 shares of the company’s stock were exchanged, compared to its average volume of 2,947,554. The business has a 50 day moving average price of $8.20 and a 200-day moving average price of $11.98. The stock has a market capitalization of $968.45 million, a P/E ratio of 2.75, a PEG ratio of 0.49 and a beta of 2.17. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.56 and a quick ratio of 1.20. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $19.34.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, August 2nd. The auto parts company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a positive return on equity of 14.28% and a negative net margin of 2.94%. American Axle & Manufact.’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. On average, analysts forecast that American Axle & Manufact. Holdings, Inc. will post 2.11 earnings per share for the current year.

American Axle & Manufact. Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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