Advisors Preferred LLC Buys Shares of 299,194 American Axle & Manufacturing Holdings, Inc. $AXL

Advisors Preferred LLC purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 299,194 shares of the auto parts company’s stock, valued at approximately $1,768,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in American Axle & Manufacturing by 267.7% in the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 3,191 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of American Axle & Manufacturing during the second quarter valued at about $47,000. CWM LLC boosted its holdings in shares of American Axle & Manufacturing by 685.1% in the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock valued at $69,000 after buying an additional 14,804 shares in the last quarter. Ethic Inc. boosted its holdings in shares of American Axle & Manufacturing by 63.4% in the 2nd quarter. Ethic Inc. now owns 22,371 shares of the auto parts company’s stock valued at $94,000 after buying an additional 8,678 shares in the last quarter. Finally, Shay Capital LLC purchased a new position in shares of American Axle & Manufacturing in the 2nd quarter worth approximately $102,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $9.00. The business has a 50-day moving average of $7.75 and a two-hundred day moving average of $6.63. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. The stock has a market capitalization of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60.

Wall Street Analyst Weigh In

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

American Axle & Manufacturing Company Profile

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.