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

Neuburgh Advisers LLC increased its stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. LSV Asset Management lifted its position in shares of American Axle & Manufact. by 49.8% during the 1st quarter. LSV Asset Management now owns 5,444,771 shares of the auto parts company’s stock worth $77,914,000 after buying an additional 1,809,991 shares during the period. FMR LLC increased its holdings in American Axle & Manufact. by 10.5% during the 1st quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock valued at $30,340,000 after purchasing an additional 201,300 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in American Axle & Manufact. by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,913,367 shares of the auto parts company’s stock valued at $24,413,000 after purchasing an additional 84,764 shares in the last quarter. DNB Asset Management AS increased its holdings in American Axle & Manufact. by 8.6% during the 2nd quarter. DNB Asset Management AS now owns 1,707,446 shares of the auto parts company’s stock valued at $21,787,000 after purchasing an additional 134,694 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in American Axle & Manufact. by 17.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,692,095 shares of the auto parts company’s stock valued at $21,591,000 after purchasing an additional 250,089 shares in the last quarter.

AXL has been the subject of a number of recent analyst reports. TheStreet cut American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. Barclays dropped their price target on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, 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 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.33.

Shares of NYSE AXL traded up $0.36 during midday trading on Friday, hitting $8.97. The stock had a trading volume of 119,624 shares, compared to its average volume of 2,947,554. The company’s 50-day simple moving average is $8.20 and its 200 day simple moving average is $11.98. The firm has a market cap of $968.45 million, a P/E ratio of 2.75, a price-to-earnings-growth ratio of 0.49 and a beta of 2.17. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $19.34. 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. (NYSE:AXL) last released its earnings results on Friday, August 2nd. The auto parts company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a negative net margin of 2.94% and a positive return on equity of 14.28%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the business posted $1.23 earnings per share. Equities analysts expect that American Axle & Manufact. Holdings, Inc. will post 2.11 EPS for the current fiscal year.

American Axle & Manufact. Company 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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