Legal & General Group Plc Has $3.35 Million Stake in American Axle & Manufacturing Holdings, Inc. (AXL)

Legal & General Group Plc grew its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,730 shares of the auto parts company’s stock after purchasing an additional 24,253 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of American Axle & Manufacturing Holdings worth $3,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of American Axle & Manufacturing Holdings by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 10,690,855 shares of the auto parts company’s stock valued at $200,775,000 after purchasing an additional 1,047,734 shares in the last quarter. BlackRock Inc. raised its holdings in shares of American Axle & Manufacturing Holdings by 108,522.5% in the 1st quarter. BlackRock Inc. now owns 9,678,267 shares of the auto parts company’s stock valued at $181,758,000 after purchasing an additional 9,669,357 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Axle & Manufacturing Holdings by 19.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,004,262 shares of the auto parts company’s stock valued at $75,200,000 after purchasing an additional 651,814 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of American Axle & Manufacturing Holdings by 383.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 3,132,490 shares of the auto parts company’s stock valued at $58,828,000 after purchasing an additional 2,483,880 shares in the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of American Axle & Manufacturing Holdings by 125.7% in the 2nd quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock valued at $44,061,000 after purchasing an additional 1,572,958 shares in the last quarter.

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AXL has been the topic of several research analyst reports. Off Wall Street initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating on the stock. BidaskClub upgraded shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, CLSA initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They set a “buy” rating and a $18.00 price target on the stock. 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.90.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 16.17 on Friday. The firm’s 50-day moving average is $14.56 and its 200 day moving average is $16.38. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $12.61 and a 12 month high of $21.25. The stock has a market capitalization of $1.80 billion, a P/E ratio of 5.57 and a beta of 1.33.

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 for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The firm’s revenue was up 71.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. On average, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current year.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 123,901 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the sale, the director now directly owns 876,745 shares of the company’s stock, valued at $13,282,686.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

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.

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

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