Royce & Associates LP Purchases 81,124 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Royce & Associates LP lifted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Rating) by 110.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 154,413 shares of the auto parts company’s stock after acquiring an additional 81,124 shares during the period. Royce & Associates LP’s holdings in American Axle & Manufacturing were worth $1,198,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Quadrant LLC CA purchased a new position in American Axle & Manufacturing in the 1st quarter worth about $37,000. Counterpoint Mutual Funds LLC purchased a new position in American Axle & Manufacturing in the 1st quarter worth about $88,000. Zhang Financial LLC purchased a new position in American Axle & Manufacturing in the 1st quarter worth about $94,000. CIBC Asset Management Inc increased its stake in American Axle & Manufacturing by 14.3% in the 4th quarter. CIBC Asset Management Inc now owns 15,249 shares of the auto parts company’s stock worth $142,000 after buying an additional 1,907 shares during the period. Finally, Versor Investments LP purchased a new position in American Axle & Manufacturing in the 4th quarter worth about $145,000. Institutional investors own 91.73% of the company’s stock.

Analyst Upgrades and Downgrades

AXL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, April 21st. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Barclays cut their target price on shares of American Axle & Manufacturing from $6.00 to $5.00 in a research report on Tuesday, May 10th. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Finally, BNP Paribas initiated coverage on shares of American Axle & Manufacturing in a research report on Monday, April 11th. They set a “neutral” rating and a $7.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.80.

American Axle & Manufacturing Stock Up 8.6 %

NYSE:AXL opened at $9.23 on Friday. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.36 and a fifty-two week high of $10.91. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.41 and a current ratio of 1.77. The company’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $7.89.

American Axle & Manufacturing (NYSE:AXLGet Rating) last released its quarterly earnings results on Friday, May 6th. The auto parts company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.20. American Axle & Manufacturing had a negative net margin of 0.61% and a positive return on equity of 14.39%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up .8% compared to the same quarter last year. On average, equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.84 EPS for the current year.

American Axle & Manufacturing Profile

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American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe.

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

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