Swiss National Bank Raises Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Swiss National Bank grew its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,600 shares of the auto parts company’s stock after acquiring an additional 5,100 shares during the quarter. Swiss National Bank owned about 0.24% of American Axle & Manufacturing worth $2,163,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in American Axle & Manufacturing by 3.9% in the fourth quarter. Arizona State Retirement System now owns 32,323 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 1,211 shares during the last quarter. Texas Permanent School Fund increased its stake in American Axle & Manufacturing by 1.5% in the fourth quarter. Texas Permanent School Fund now owns 83,315 shares of the auto parts company’s stock valued at $652,000 after purchasing an additional 1,211 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in American Axle & Manufacturing by 22.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,328 shares of the auto parts company’s stock valued at $182,000 after purchasing an additional 4,203 shares during the last quarter. Bailard Inc. acquired a new position in American Axle & Manufacturing in the fourth quarter valued at $278,000. Finally, ProShare Advisors LLC increased its stake in American Axle & Manufacturing by 14.8% in the fourth quarter. ProShare Advisors LLC now owns 17,884 shares of the auto parts company’s stock valued at $140,000 after purchasing an additional 2,304 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AXL. Barclays dropped their target price on American Axle & Manufacturing from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. StockNews.com lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, May 20th. Finally, Citigroup dropped their price target on American Axle & Manufacturing from $9.00 to $8.00 in a research note on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $10.20.

Insider Transactions at American Axle & Manufacturing

In related news, VP David Eugene Barnes sold 29,533 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $9.00, for a total value of $265,797.00. Following the completion of the transaction, the vice president now owns 104,621 shares of the company’s stock, valued at $941,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $6.82 on Friday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $6.61 and a 1-year high of $11.96. The business has a 50-day moving average of $7.28 and a 200-day moving average of $8.41. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.67 and a quick ratio of 1.29. The company has a market capitalization of $798.08 million, a price-to-earnings ratio of 14.21, a PEG ratio of 2.16 and a beta of 2.25.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last issued its earnings results on Friday, May 5th. The auto parts company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.05. American Axle & Manufacturing had a return on equity of 8.88% and a net margin of 0.99%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.42 EPS for the current fiscal year.

American Axle & Manufacturing Profile

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American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline and Metal Forming. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.