Weber Alan W purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 242,500 shares of the auto parts company’s stock, valued at approximately $3,783,000. American Axle & Manufacturing Holdings comprises 2.0% of Weber Alan W’s investment portfolio, making the stock its 11th largest position.

A number of other large investors have also recently made changes to their positions in AXL. Advisors Preferred LLC purchased a new stake in shares of American Axle & Manufacturing Holdings during the first quarter worth about $104,000. Public Employees Retirement System of Ohio raised its stake in shares of American Axle & Manufacturing Holdings by 6.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock worth $123,000 after buying an additional 380 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of American Axle & Manufacturing Holdings during the first quarter worth about $124,000. State of Alaska Department of Revenue raised its stake 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. Finally, CIBC Asset Management Inc purchased a new stake in shares of American Axle & Manufacturing Holdings during the second quarter worth about $162,000.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 14.48 on Thursday. The stock has a market capitalization of $1.61 billion, a PE ratio of 4.99 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. The company’s 50-day moving average is $15.42 and its 200-day moving average is $17.43.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm’s quarterly revenue was up 71.4% on a year-over-year basis. Equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.30 EPS for the current year.

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Several equities research analysts have recently commented on AXL shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 target price (down from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of American Axle & Manufacturing Holdings in a research report on Monday, May 15th. BidaskClub cut shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, ValuEngine cut shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Four 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. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and an average price target of $19.90.

About American Axle & Manufacturing Holdings

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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