Prudential PLC Has $40,045,000 Stake in American Axle & Manufacturing Holdings, Inc. (AXL)

Prudential PLC raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,074,905 shares of the company’s stock after buying an additional 424,300 shares during the period. Prudential PLC’s holdings in American Axle & Manufacturing Holdings were worth $40,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in American Axle & Manufacturing Holdings during the third quarter worth about $139,000. Sei Investments Co. boosted its stake in American Axle & Manufacturing Holdings by 1,152.1% in the third quarter. Sei Investments Co. now owns 8,389 shares of the company’s stock worth $144,000 after buying an additional 7,719 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in American Axle & Manufacturing Holdings by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 10,133 shares of the company’s stock worth $147,000 after buying an additional 1,760 shares during the last quarter. Quantbot Technologies LP bought a new stake in American Axle & Manufacturing Holdings during the third quarter worth about $165,000. Finally, Stifel Financial Corp boosted its stake in American Axle & Manufacturing Holdings by 8.2% in the second quarter. Stifel Financial Corp now owns 11,434 shares of the company’s stock worth $167,000 after buying an additional 862 shares during the last quarter. 98.58% of the stock is owned by hedge funds and other institutional investors.

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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) traded down 3.35% during midday trading on Friday, reaching $20.49. 2,880,949 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $20.07 and its 200 day moving average price is $17.67. The firm has a market capitalization of $1.57 billion, a P/E ratio of 6.70 and a beta of 1.37. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $12.61 and a 52-week high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, February 10th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $946.50 million for the quarter, compared to analysts’ expectations of $965.42 million. American Axle & Manufacturing Holdings had a return on equity of 61.64% and a net margin of 6.48%. American Axle & Manufacturing Holdings’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. On average, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.16 EPS for the current fiscal year.

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AXL has been the topic of a number of recent research reports. Deutsche Bank AG upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and cut their target price for the company from $21.00 to $20.00 in a research note on Thursday, December 1st. KeyCorp initiated coverage on American Axle & Manufacturing Holdings in a research note on Monday, December 5th. They issued an “equal weight” rating on the stock. Barclays PLC reiterated a “hold” rating and issued a $17.00 target price on shares of American Axle & Manufacturing Holdings in a research note on Tuesday, November 8th. Buckingham Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, November 3rd. Finally, RBC Capital Markets upgraded American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $16.00 to $23.00 in a research note on Tuesday, December 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. American Axle & Manufacturing Holdings has a consensus rating of “Hold” and an average target price of $18.75.

In related news, CEO David C. Dauch purchased 50,000 shares of the stock in a transaction on Monday, November 14th. The shares were purchased at an average cost of $14.47 per share, for a total transaction of $723,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter David Lyons purchased 5,000 shares of the stock in a transaction on Wednesday, December 14th. The stock was bought at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the transaction, the director now directly owns 16,361 shares of the company’s stock, valued at $286,317.50. The disclosure for this purchase can be found here. Insiders own 0.91% of the company’s stock.

About American Axle & Manufacturing Holdings

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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