Northpointe Capital LLC increased its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 12.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,237 shares of the auto parts company’s stock after buying an additional 44,095 shares during the period. Northpointe Capital LLC’s holdings in American Axle & Manufacturing Holdings were worth $6,400,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in American Axle & Manufacturing Holdings by 108,522.5% in the first quarter. BlackRock Inc. now owns 9,678,267 shares of the auto parts company’s stock valued at $181,758,000 after buying an additional 9,669,357 shares during the period. Thrivent Financial For Lutherans increased its stake in American Axle & Manufacturing Holdings by 383.0% in the first quarter. Thrivent Financial For Lutherans now owns 3,132,490 shares of the auto parts company’s stock valued at $58,828,000 after buying an additional 2,483,880 shares during the period. DnB Asset Management AS increased its stake in American Axle & Manufacturing Holdings by 125.7% in the second quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock valued at $44,061,000 after buying an additional 1,572,958 shares during the period. Vanguard Group Inc. increased its stake in American Axle & Manufacturing Holdings by 10.9% in the first quarter. Vanguard Group Inc. now owns 10,690,855 shares of the auto parts company’s stock valued at $200,775,000 after buying an additional 1,047,734 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in American Axle & Manufacturing Holdings by 249.2% in the first quarter. Point72 Asset Management L.P. now owns 1,029,765 shares of the auto parts company’s stock valued at $19,339,000 after buying an additional 734,865 shares during the period.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 14.30 on Wednesday. The company’s 50 day moving average price is $15.37 and its 200-day moving average price is $17.24. The firm has a market cap of $1.59 billion, a P/E ratio of 4.93 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $12.61 and a 12-month 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, topping analysts’ consensus estimates of $0.89 by $0.10. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The firm’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

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AXL has been the topic of several research reports. Deutsche Bank AG restated a “buy” rating and set a $22.00 price target (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. ValuEngine lowered American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Bank of America Corporation restated 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 note on Friday, June 16th. Finally, BidaskClub lowered American Axle & Manufacturing Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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