Great West Life Assurance Co. Can boosted its stake in American Axle & Manufacturing Holdings Inc. (NYSE:AXL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,802 shares of the company’s stock after buying an additional 3,032 shares during the period. Great West Life Assurance Co. Can’s holdings in American Axle & Manufacturing Holdings were worth $1,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in American Axle & Manufacturing Holdings by 8.1% in the third quarter. California Public Employees Retirement System now owns 273,700 shares of the company’s stock valued at $4,713,000 after buying an additional 20,400 shares in the last quarter. Bank of Montreal Can boosted its stake in American Axle & Manufacturing Holdings by 80.8% in the third quarter. Bank of Montreal Can now owns 203,291 shares of the company’s stock valued at $3,500,000 after buying an additional 90,845 shares in the last quarter. Moody Aldrich Partners LLC boosted its stake in American Axle & Manufacturing Holdings by 11.6% in the third quarter. Moody Aldrich Partners LLC now owns 78,625 shares of the company’s stock valued at $1,354,000 after buying an additional 8,170 shares in the last quarter. Capstone Asset Management Co. boosted its stake in American Axle & Manufacturing Holdings by 5.1% in the third quarter. Capstone Asset Management Co. now owns 21,086 shares of the company’s stock valued at $363,000 after buying an additional 1,030 shares in the last quarter. Finally, Algert Global LLC boosted its stake in American Axle & Manufacturing Holdings by 82.2% in the third quarter. Algert Global LLC now owns 41,722 shares of the company’s stock valued at $718,000 after buying an additional 18,817 shares in the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) traded down 1.41% during mid-day trading on Tuesday, reaching $15.37. 1,691,204 shares of the company’s stock were exchanged. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 4.69 and a beta of 1.54. American Axle & Manufacturing Holdings Inc. has a one year low of $11.44 and a one year high of $22.98. The stock has a 50-day moving average of $16.24 and a 200-day moving average of $16.43.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. American Axle & Manufacturing Holdings had a return on equity of 61.64% and a net margin of 6.48%. The business earned $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that American Axle & Manufacturing Holdings Inc. will post $3.14 earnings per share for the current year.

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Several research analysts have commented on AXL shares. Bank of America Corp. reissued a “sell” rating and set a $13.00 target price on shares of American Axle & Manufacturing Holdings in a research note on Friday, November 18th. FBR & Co downgraded American Axle & Manufacturing Holdings from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $16.00 to $12.00 in a research note on Thursday, November 10th. Barclays PLC reissued a “hold” rating and set a $17.00 target price on shares of American Axle & Manufacturing Holdings in a research note on Tuesday, November 8th. downgraded American Axle & Manufacturing Holdings from an “outperform” rating to an “underperform” rating in a research note on Friday, November 4th. Finally, Buckingham Research downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.38.

In other American Axle & Manufacturing Holdings news, CEO David C. Dauch purchased 50,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of $14.47 per share, for a total transaction of $723,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Samuel Valenti III purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $13.44 per share, with a total value of $134,400.00. Following the transaction, the director now owns 17,220 shares in the company, valued at approximately $231,436.80. The disclosure for this purchase can be found here. 0.91% of the stock is owned by company insiders.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

5 Day Chart for NYSE:AXL

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