Nomura Holdings Inc. bought a new stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the auto parts company’s stock, valued at approximately $622,000.

Several other institutional investors have also made changes to their positions in AXL. BlackRock Inc. boosted its position in shares of American Axle & Manufact. by 10.1% in the second quarter. BlackRock Inc. now owns 14,468,400 shares of the auto parts company’s stock valued at $225,129,000 after acquiring an additional 1,327,564 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Axle & Manufact. by 227.8% in the first quarter. JPMorgan Chase & Co. now owns 1,638,608 shares of the auto parts company’s stock valued at $24,940,000 after acquiring an additional 1,138,797 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American Axle & Manufact. by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 9,354,011 shares of the auto parts company’s stock valued at $142,368,000 after acquiring an additional 850,847 shares during the period. KBC Group NV bought a new stake in shares of American Axle & Manufact. in the second quarter valued at about $8,935,000. Finally, City Financial Investment Co Ltd bought a new stake in shares of American Axle & Manufact. in the second quarter valued at about $8,628,000. 98.29% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on AXL shares. ValuEngine cut shares of American Axle & Manufact. from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Buckingham Research started coverage on shares of American Axle & Manufact. in a research report on Friday, June 1st. They issued a “neutral” rating and a $18.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. American Axle & Manufact. has a consensus rating of “Hold” and an average price target of $19.13.

AXL stock opened at $18.36 on Tuesday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 4.98, a P/E/G ratio of 0.59 and a beta of 1.42. American Axle & Manufact. Holdings, Inc. has a 52 week low of $13.95 and a 52 week high of $20.27. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 1.30.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, August 3rd. The auto parts company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.14. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.83 billion. American Axle & Manufact. had a return on equity of 28.88% and a net margin of 6.00%. American Axle & Manufact.’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. sell-side analysts predict that American Axle & Manufact. Holdings, Inc. will post 3.9 earnings per share for the current fiscal year.

American Axle & Manufact. Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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