Jump Financial LLC Purchases 21,844 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Jump Financial LLC increased its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,844 shares of the auto parts company’s stock after purchasing an additional 21,844 shares during the period. Jump Financial LLC owned approximately 0.08% of American Axle & Manufacturing worth $362,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of American Axle & Manufacturing in the 4th quarter worth $51,000. Ethic Inc. bought a new position in American Axle & Manufacturing during the 4th quarter valued at $59,000. Ground Swell Capital LLC bought a new position in American Axle & Manufacturing during the 4th quarter valued at $61,000. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing during the 4th quarter valued at $62,000. Finally, 111 Capital bought a new position in American Axle & Manufacturing during the 4th quarter valued at $67,000. 91.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXL has been the topic of several recent analyst reports. Wall Street Zen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They set a “hold” rating and a $6.00 price objective on the stock. Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $6.00 to $8.00 in a research note on Tuesday. UBS Group restated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Finally, Morgan Stanley dropped their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.64.

American Axle & Manufacturing Trading Up 2.4%

NYSE AXL opened at $5.96 on Wednesday. The stock has a market capitalization of $707.21 million, a price-to-earnings ratio of 17.53, a PEG ratio of 0.65 and a beta of 1.61. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.03. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The business’s fifty day moving average is $4.95 and its 200-day moving average is $4.50.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.