Nuveen Asset Management LLC Grows Position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Nuveen Asset Management LLC lifted its holdings in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 907,353 shares of the auto parts company’s stock after purchasing an additional 30,062 shares during the quarter. Nuveen Asset Management LLC owned about 0.80% of American Axle & Manufact. worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its stake in American Axle & Manufact. by 258.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 161,260 shares of the auto parts company’s stock worth $582,000 after acquiring an additional 116,220 shares in the last quarter. Federated Hermes Inc. lifted its stake in American Axle & Manufact. by 281.5% during the 1st quarter. Federated Hermes Inc. now owns 868,338 shares of the auto parts company’s stock worth $3,135,000 after acquiring an additional 640,699 shares in the last quarter. Systematic Financial Management LP lifted its stake in American Axle & Manufact. by 8.6% during the 1st quarter. Systematic Financial Management LP now owns 69,450 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 5,515 shares in the last quarter. State Street Corp lifted its stake in American Axle & Manufact. by 8.3% during the 1st quarter. State Street Corp now owns 3,881,114 shares of the auto parts company’s stock worth $14,011,000 after acquiring an additional 297,387 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in American Axle & Manufact. by 97.1% during the 1st quarter. Martingale Asset Management L P now owns 118,593 shares of the auto parts company’s stock worth $429,000 after acquiring an additional 58,425 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

A number of equities research analysts have issued reports on AXL shares. Citigroup reduced their price target on American Axle & Manufact. from $10.50 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. ValuEngine raised American Axle & Manufact. from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Royal Bank of Canada lowered American Axle & Manufact. from an “outperform” rating to a “sector perform” rating and set a $5.00 price target on the stock. in a research report on Monday, March 16th. Credit Suisse Group lowered American Axle & Manufact. from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $4.00 in a research report on Monday, April 27th. Finally, Barclays increased their price objective on American Axle & Manufact. from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $8.38.

Shares of AXL stock opened at $7.60 on Wednesday. The business’s 50 day moving average is $7.19 and its two-hundred day moving average is $7.08. American Axle & Manufact. Holdings, Inc. has a twelve month low of $2.50 and a twelve month high of $13.23. The company has a market capitalization of $851.57 million, a P/E ratio of -0.83 and a beta of 2.73. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 8.95.

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, May 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.28. American Axle & Manufact. had a positive return on equity of 15.33% and a negative net margin of 16.69%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.36 EPS. The company’s revenue was down 21.9% on a year-over-year basis. As a group, equities analysts predict that American Axle & Manufact. Holdings, Inc. will post -1.51 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 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.

Featured Story: What is the FTSE 100 index?

Want to see what other hedge funds are holding AXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Axle & Manufact. Holdings, Inc. (NYSE:AXL).

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

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.