Dynamic Technology Lab Private Ltd Acquires 148,909 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Dynamic Technology Lab Private Ltd boosted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 325.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,682 shares of the auto parts company’s stock after acquiring an additional 148,909 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.17% of American Axle & Manufacturing worth $1,204,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of American Axle & Manufacturing in the second quarter worth approximately $41,000. KBC Group NV grew its holdings in American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after buying an additional 3,211 shares in the last quarter. Quarry LP lifted its stake in American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 4,851 shares in the last quarter. Headlands Technologies LLC purchased a new position in American Axle & Manufacturing during the 2nd quarter worth $75,000. Finally, Creative Planning purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $80,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of AXL opened at $6.63 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $5.43 and a 1 year high of $8.99. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The stock’s fifty day moving average price is $6.19 and its two-hundred day moving average price is $6.64. The firm has a market cap of $779.56 million, a PE ratio of 27.63 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company posted ($0.11) EPS. American Axle & Manufacturing’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AXL. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Bank of America boosted their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.38.

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.