Renaissance Technologies LLC Has $6.09 Million Stake in American Axle & Manufact. Holdings, Inc. (AXL)

Renaissance Technologies LLC grew its position in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 102.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 391,438 shares of the auto parts company’s stock after acquiring an additional 197,739 shares during the quarter. Renaissance Technologies LLC owned about 0.35% of American Axle & Manufact. worth $6,091,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its holdings in shares of American Axle & Manufact. by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 127,927 shares of the auto parts company’s stock valued at $1,946,000 after acquiring an additional 3,567 shares during the period. Swiss National Bank lifted its holdings in American Axle & Manufact. by 11.1% in the second quarter. Swiss National Bank now owns 193,800 shares of the auto parts company’s stock worth $3,016,000 after purchasing an additional 19,400 shares during the period. Employees Retirement System of Texas lifted its holdings in American Axle & Manufact. by 23.1% in the second quarter. Employees Retirement System of Texas now owns 181,000 shares of the auto parts company’s stock worth $2,816,000 after purchasing an additional 34,000 shares during the period. Principal Financial Group Inc. lifted its holdings in American Axle & Manufact. by 1.7% in the first quarter. Principal Financial Group Inc. now owns 769,615 shares of the auto parts company’s stock worth $11,714,000 after purchasing an additional 13,053 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in American Axle & Manufact. in the second quarter worth about $316,000. 98.29% of the stock is owned by institutional investors.

AXL stock opened at $15.86 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.55 and a beta of 1.42. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $20.27. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 1.30.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, August 3rd. The auto parts company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.09 by $0.14. American Axle & Manufact. had a net margin of 6.00% and a return on equity of 28.88%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business earned $0.99 earnings per share. American Axle & Manufact.’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 3.9 EPS for the current fiscal year.

AXL has been the subject of several research analyst reports. ValuEngine downgraded shares of American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Zacks Investment Research raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, June 28th. Wolfe Research initiated coverage on shares of American Axle & Manufact. in a report on Tuesday, October 2nd. They issued an “outperform” rating for the company. Finally, TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.13.

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. The company's Driveline segment offers axles, driveshafts, 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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