American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Position Boosted by Empowered Funds LLC

Empowered Funds LLC increased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,116 shares of the auto parts company’s stock after buying an additional 26,890 shares during the quarter. Empowered Funds LLC’s holdings in American Axle & Manufacturing were worth $3,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXL. Jacobs Levy Equity Management Inc. grew its holdings in American Axle & Manufacturing by 31.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after buying an additional 548,860 shares in the last quarter. Whitebox Advisors LLC grew its holdings in American Axle & Manufacturing by 38.0% in the 3rd quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company’s stock worth $8,746,000 after buying an additional 389,760 shares in the last quarter. Algert Global LLC boosted its stake in American Axle & Manufacturing by 31.9% during the 3rd quarter. Algert Global LLC now owns 921,396 shares of the auto parts company’s stock valued at $5,694,000 after purchasing an additional 223,032 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in American Axle & Manufacturing by 540.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after purchasing an additional 168,348 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in American Axle & Manufacturing by 325.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company’s stock valued at $1,204,000 after purchasing an additional 148,909 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.30.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $4.74 on Friday. The firm has a market cap of $557.68 million, a P/E ratio of 19.76 and a beta of 1.94. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. The stock has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $6.11. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $4.70 and a 1 year high of $8.98.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. 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.