First Hawaiian Bank Invests $411,000 in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

First Hawaiian Bank acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, HoldingsChannel reports. The fund acquired 58,755 shares of the auto parts company’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter worth about $76,000. EntryPoint Capital LLC bought a new stake in shares of American Axle & Manufacturing during the first quarter valued at approximately $76,000. ProShare Advisors LLC lifted its holdings in shares of American Axle & Manufacturing by 7.4% in the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after buying an additional 1,582 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of American Axle & Manufacturing during the first quarter worth $229,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in American Axle & Manufacturing by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,725 shares of the auto parts company’s stock valued at $241,000 after acquiring an additional 3,862 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America increased their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Citigroup raised their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. UBS Group increased their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Finally, StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.00.

American Axle & Manufacturing Stock Down 0.6 %

NYSE AXL traded down $0.04 on Tuesday, reaching $6.32. 859,622 shares of the stock traded hands, compared to its average volume of 1,561,587. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $6.19 and a 12 month high of $8.99. The company has a fifty day moving average price of $7.14 and a 200-day moving average price of $7.33. The company has a market cap of $742.93 million, a price-to-earnings ratio of -91.14 and a beta of 2.04. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, May 3rd. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.16. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. As a group, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.35 EPS for the current fiscal year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.