DnB Asset Management AS Buys 250,328 Shares of American Axle & Manufact. Holdings, Inc. (AXL)

DnB Asset Management AS lifted its holdings in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,598,339 shares of the auto parts company’s stock after buying an additional 250,328 shares during the period. American Axle & Manufact. makes up 0.9% of DnB Asset Management AS’s portfolio, making the stock its 27th biggest position. DnB Asset Management AS owned about 4.13% of American Axle & Manufact. worth $78,310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after buying an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of American Axle & Manufact. by 13.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after buying an additional 895 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of American Axle & Manufact. by 76.9% during the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after buying an additional 4,238 shares during the last quarter. Amalgamated Bank boosted its position in shares of American Axle & Manufact. by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after buying an additional 1,900 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of American Axle & Manufact. during the third quarter valued at $223,000.

AXL has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $16.00 price objective (up from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Royal Bank of Canada reissued a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a report on Friday, November 3rd. Bank of America increased their target price on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, B. Riley reissued a “sell” rating on shares of American Axle & Manufact. in a report on Wednesday, November 8th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.89.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) traded down $0.14 during midday trading on Thursday, hitting $17.51. The stock had a trading volume of 2,653,031 shares, compared to its average volume of 1,980,000. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufact. Holdings, Inc. has a 1 year low of $13.38 and a 1 year high of $21.25. The company has a market capitalization of $1,950.00, a P/E ratio of 5.98, a P/E/G ratio of 0.65 and a beta of 1.36.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.65 by $0.21. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.63 billion. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The business’s revenue for the quarter was up 71.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.63 EPS for the current fiscal year.

In related news, major shareholder American Securities Llc sold 15,000,000 shares of American Axle & Manufact. stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.37, for a total transaction of $260,550,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Thanopoulos sold 354,931 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.58, for a total value of $6,239,686.98. Following the transaction, the director now owns 399,013 shares of the company’s stock, valued at approximately $7,014,648.54. The disclosure for this sale can be found here. Insiders have sold a total of 15,604,931 shares of company stock worth $271,156,687 in the last three months. 0.96% of the stock is owned by corporate insiders.

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American Axle & Manufact. Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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