2,233,399 Shares in American Axle & Manufact. Holdings, Inc. (AXL) Acquired by Norges Bank

Norges Bank acquired a new position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,233,399 shares of the auto parts company’s stock, valued at approximately $24,791,000. Norges Bank owned approximately 2.00% of American Axle & Manufact. as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of American Axle & Manufact. in the 4th quarter worth about $42,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Axle & Manufact. in the 4th quarter worth about $45,000. Dubuque Bank & Trust Co. purchased a new stake in shares of American Axle & Manufact. in the 4th quarter worth about $48,000. Advisory Services Network LLC boosted its position in shares of American Axle & Manufact. by 535.0% in the 4th quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock worth $49,000 after buying an additional 3,756 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of American Axle & Manufact. by 119.8% in the 4th quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock worth $56,000 after buying an additional 2,726 shares in the last quarter. Institutional investors and hedge funds own 98.64% of the company’s stock.

In other news, insider Tolga I. Oal sold 14,876 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total transaction of $215,255.72. Following the completion of the transaction, the insider now owns 97,430 shares of the company’s stock, valued at approximately $1,409,812.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Alberto L. Satine sold 15,033 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.75, for a total transaction of $251,802.75. Following the transaction, the senior vice president now directly owns 59,420 shares of the company’s stock, valued at approximately $995,285. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Shares of AXL stock opened at $15.92 on Friday. American Axle & Manufact. Holdings, Inc. has a twelve month low of $10.13 and a twelve month high of $19.34. The stock has a market capitalization of $1.78 billion, a P/E ratio of 4.85, a PEG ratio of 0.68 and a beta of 1.66. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.50 and a quick ratio of 1.16.

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. American Axle & Manufact. had a negative net margin of 0.79% and a positive return on equity of 22.35%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts expect that American Axle & Manufact. Holdings, Inc. will post 2.9 EPS for the current year.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Bank of America raised shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $15.00 to $20.00 in a research note on Wednesday, February 20th. Royal Bank of Canada boosted their target price on shares of American Axle & Manufact. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Finally, TheStreet raised shares of American Axle & Manufact. from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

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American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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