American Axle & Manufacturing Holdings, Inc. $AXL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 63.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,143 shares of the auto parts company’s stock after selling 64,857 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American Axle & Manufacturing were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of American Axle & Manufacturing by 825.6% in the 2nd quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company’s stock valued at $28,000 after buying an additional 6,225 shares during the period. Riverbend Wealth Management LLC acquired a new position in American Axle & Manufacturing in the second quarter valued at approximately $42,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of American Axle & Manufacturing during the second quarter valued at approximately $47,000. CWM LLC raised its position in shares of American Axle & Manufacturing by 685.1% during the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 14,804 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of American Axle & Manufacturing in the 2nd quarter worth approximately $94,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BWS Financial assumed coverage on American Axle & Manufacturing in a research note on Tuesday, January 27th. They set a “buy” rating and a $17.00 price objective for the company. Stifel Nicolaus upped their price target on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Morgan Stanley set a $7.00 target price on shares of American Axle & Manufacturing in a research note on Monday, December 8th. Finally, UBS Group upped their target price on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.92.

American Axle & Manufacturing Stock Performance

Shares of AXL opened at $8.99 on Thursday. The firm has a 50-day moving average price of $7.08 and a 200 day moving average price of $6.25. The firm has a market capitalization of $1.07 billion, a PE ratio of 27.24 and a beta of 1.60. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $9.00.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 7.92%. American Axle & Manufacturing’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. On average, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.