Rhumbline Advisers Purchases 14,809 Shares of American Axle & Manufact. Holdings, Inc. (AXL)

Rhumbline Advisers raised its position in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,474 shares of the auto parts company’s stock after purchasing an additional 14,809 shares during the period. Rhumbline Advisers owned 0.24% of American Axle & Manufact. worth $4,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Calamos Advisors LLC purchased a new stake in shares of American Axle & Manufact. during the 3rd quarter worth about $483,000. Cubist Systematic Strategies LLC raised its stake in shares of American Axle & Manufact. by 372.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 116,179 shares of the auto parts company’s stock worth $1,808,000 after purchasing an additional 91,567 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of American Axle & Manufact. by 2.5% during the 3rd quarter. Foundry Partners LLC now owns 974,033 shares of the auto parts company’s stock valued at $16,987,000 after acquiring an additional 23,522 shares during the last quarter. Swiss National Bank increased its holdings in shares of American Axle & Manufact. by 11.1% during the 2nd quarter. Swiss National Bank now owns 193,800 shares of the auto parts company’s stock valued at $3,016,000 after acquiring an additional 19,400 shares during the last quarter. Finally, Employees Retirement System of Texas increased its holdings in shares of American Axle & Manufact. by 23.1% during the 2nd quarter. Employees Retirement System of Texas now owns 181,000 shares of the auto parts company’s stock valued at $2,816,000 after acquiring an additional 34,000 shares during the last quarter.

A number of brokerages have recently commented on AXL. Zacks Investment Research raised American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, October 8th. ValuEngine lowered American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Morgan Stanley set a $16.00 price objective on American Axle & Manufact. and gave the company a “buy” rating in a report on Wednesday, November 14th. Citigroup lowered their price objective on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Finally, Wolfe Research began coverage on American Axle & Manufact. in a report on Tuesday, October 2nd. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. American Axle & Manufact. has a consensus rating of “Hold” and a consensus price target of $16.70.

AXL opened at $11.33 on Friday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 3.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. American Axle & Manufact. Holdings, Inc. has a 12-month low of $11.22 and a 12-month high of $19.63.

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.27). The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. Research analysts expect that American Axle & Manufact. Holdings, Inc. will post 3.31 EPS for the current fiscal year.

In other American Axle & Manufact. news, President Michael K. Simonte bought 15,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $11.88 per share, with a total value of $178,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth Anne Chappell bought 4,000 shares of the stock in a transaction on Thursday, November 8th. The stock was acquired at an average cost of $12.47 per share, for a total transaction of $49,880.00. The disclosure for this purchase can be found here. Insiders acquired a total of 136,425 shares of company stock worth $1,602,594 in the last ninety days. Insiders own 0.96% of the company’s stock.

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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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