Stevens Capital Management LP purchased a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,733 shares of the auto parts company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXL. Nationwide Fund Advisors boosted its stake in American Axle & Manufacturing Holdings by 18.2% in the 1st quarter. Nationwide Fund Advisors now owns 60,624 shares of the auto parts company’s stock valued at $1,139,000 after purchasing an additional 9,319 shares during the period. Russell Investments Group Ltd. boosted its stake in American Axle & Manufacturing Holdings by 23.4% in the 1st quarter. Russell Investments Group Ltd. now owns 156,280 shares of the auto parts company’s stock valued at $2,934,000 after purchasing an additional 29,654 shares during the period. Wells Fargo & Company MN boosted its stake in American Axle & Manufacturing Holdings by 80.1% in the 1st quarter. Wells Fargo & Company MN now owns 160,325 shares of the auto parts company’s stock valued at $3,011,000 after purchasing an additional 71,294 shares during the period. Great West Life Assurance Co. Can boosted its stake in American Axle & Manufacturing Holdings by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 108,249 shares of the auto parts company’s stock valued at $2,032,000 after purchasing an additional 7,606 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in American Axle & Manufacturing Holdings by 15.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 66,326 shares of the auto parts company’s stock valued at $1,246,000 after purchasing an additional 8,791 shares during the period.

AXL has been the subject of several recent research reports. CLSA initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They issued a “buy” rating and a $18.00 price target for the company. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price target (down from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. Guggenheim initiated coverage on American Axle & Manufacturing Holdings in a research note on Wednesday, June 21st. They issued a “buy” rating and a $18.00 price target for the company. Off Wall Street initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating for the company. Finally, ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. American Axle & Manufacturing Holdings has an average rating of “Hold” and a consensus price target of $19.90.

Shares of American Axle & Manufacturing Holdings, Inc. (AXL) opened at 17.58 on Friday. The company has a market capitalization of $1.96 billion, a P/E ratio of 6.06 and a beta of 1.33. The stock’s 50 day moving average price is $14.61 and its 200-day moving average price is $16.26. 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 posted its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 71.4% on a year-over-year basis. On average, equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current year.

In other news, Director George Thanopoulos sold 123,901 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15. Following the completion of the transaction, the director now directly owns 876,745 shares of the company’s stock, valued at $13,282,686.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

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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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