UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,709 shares of the auto parts company’s stock after acquiring an additional 3,968 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Axle & Manufacturing were worth $1,877,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in American Axle & Manufacturing by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock valued at $57,797,000 after buying an additional 236,423 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of American Axle & Manufacturing by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,873,408 shares of the auto parts company’s stock worth $41,055,000 after acquiring an additional 64,546 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of American Axle & Manufacturing by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after acquiring an additional 399,616 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of American Axle & Manufacturing by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock valued at $15,837,000 after acquiring an additional 65,535 shares during the last quarter. Finally, Dana Investment Advisors Inc. grew its holdings in shares of American Axle & Manufacturing by 8.5% in the second quarter. Dana Investment Advisors Inc. now owns 940,409 shares of the auto parts company’s stock valued at $6,573,000 after purchasing an additional 73,529 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

AXL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.38.

American Axle & Manufacturing Stock Down 2.2 %

Shares of AXL opened at $6.61 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The business has a fifty day moving average of $6.34 and a 200 day moving average of $6.56. The company has a market cap of $777.21 million, a PE ratio of 27.54 and a beta of 1.95. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $5.43 and a 52-week high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.