Rational Advisors LLC acquired a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, Holdings Channel reports. The institutional investor acquired 17,500 shares of the auto parts company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its position in shares of American Axle & Manufacturing Holdings by 17.3% in the first quarter. Bank of Montreal Can now owns 616,065 shares of the auto parts company’s stock worth $11,570,000 after buying an additional 90,731 shares during the period. Louisiana State Employees Retirement System increased its position in shares of American Axle & Manufacturing Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the auto parts company’s stock worth $586,000 after buying an additional 500 shares during the period. DnB Asset Management AS increased its position in shares of American Axle & Manufacturing Holdings by 84.3% in the first quarter. DnB Asset Management AS now owns 1,251,488 shares of the auto parts company’s stock worth $23,503,000 after buying an additional 572,315 shares during the period. Quotient Investors LLC increased its position in shares of American Axle & Manufacturing Holdings by 5.8% in the first quarter. Quotient Investors LLC now owns 17,773 shares of the auto parts company’s stock worth $334,000 after buying an additional 973 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock worth $158,000 after buying an additional 170 shares during the period.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) opened at 14.42 on Tuesday. The stock has a market cap of $1.60 billion, a PE ratio of 4.97 and a beta of 1.34. The company’s 50-day moving average price is $15.39 and its 200-day moving average price is $17.28. American Axle & Manufacturing Holdings, Inc. has a one year low of $12.61 and a one year high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. American Axle & Manufacturing Holdings’s revenue for the quarter was up 71.4% on a year-over-year basis. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current year.

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A number of research analysts have recently commented on AXL shares. Zacks Investment Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $23.00 price target on shares of American Axle & Manufacturing Holdings in a research report on Monday, May 8th. ValuEngine cut American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $11.00 price target (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research report on Friday, June 16th. Four analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.90.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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

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