Raymond James & Associates Invests $213,000 in American Axle & Manufact. Holdings, Inc. (AXL) Stock

Raymond James & Associates acquired a new position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,154 shares of the auto parts company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new position in American Axle & Manufact. in the 4th quarter worth $42,000. Dubuque Bank & Trust Co. bought a new position in American Axle & Manufact. in the 4th quarter worth $48,000. Quantamental Technologies LLC bought a new position in American Axle & Manufact. in the 4th quarter worth $103,000. Brave Asset Management Inc. bought a new position in American Axle & Manufact. in the 4th quarter worth $117,000. Finally, Shelton Capital Management bought a new position in American Axle & Manufact. in the 4th quarter worth $125,000. Institutional investors and hedge funds own 98.64% of the company’s stock.

In related news, insider Tolga I. Oal sold 14,876 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total transaction of $215,255.72. Following the sale, the insider now directly owns 97,430 shares of the company’s stock, valued at approximately $1,409,812.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alberto L. Satine sold 15,033 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.75, for a total transaction of $251,802.75. Following the sale, the senior vice president now directly owns 59,420 shares in the company, valued at $995,285. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Several research analysts recently issued reports on AXL shares. Bank of America upgraded shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $20.00 in a research note on Wednesday, February 20th. Barclays reiterated a “buy” rating and issued a $14.00 price target on shares of American Axle & Manufact. in a research note on Sunday, January 6th. ValuEngine lowered shares of American Axle & Manufact. from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Morgan Stanley set a $19.00 price target on shares of American Axle & Manufact. and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, TheStreet upgraded shares of American Axle & Manufact. from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. American Axle & Manufact. currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of American Axle & Manufact. stock opened at $16.22 on Wednesday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.50 and a quick ratio of 1.16. The stock has a market capitalization of $1.77 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 0.68 and a beta of 1.66. American Axle & Manufact. Holdings, Inc. has a 1 year low of $10.13 and a 1 year high of $19.34.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. American Axle & Manufact. had a negative net margin of 0.79% and a positive return on equity of 22.35%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business earned $0.89 EPS. American Axle & Manufact.’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that American Axle & Manufact. Holdings, Inc. will post 2.9 earnings per share for the current fiscal year.

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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 in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, 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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