Nordea Investment Management AB increased its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 19.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,776 shares of the auto parts company’s stock after buying an additional 23,324 shares during the period. Nordea Investment Management AB owned 0.13% of American Axle & Manufact. worth $2,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXL. Public Employees Retirement System of Ohio boosted its holdings in American Axle & Manufact. by 6.2% in the 1st 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. Louisiana State Employees Retirement System boosted its holdings in American Axle & Manufact. by 9.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the auto parts company’s stock worth $530,000 after buying an additional 2,800 shares during the period. Russell Investments Group Ltd. boosted its holdings in American Axle & Manufact. by 397.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 777,960 shares of the auto parts company’s stock worth $12,134,000 after buying an additional 621,680 shares during the period. Great West Life Assurance Co. Can boosted its holdings in American Axle & Manufact. by 11.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 121,149 shares of the auto parts company’s stock worth $1,889,000 after buying an additional 12,900 shares during the period. Finally, CIBC Asset Management Inc bought a new position in American Axle & Manufact. in the 2nd quarter worth approximately $162,000.

Shares of American Axle & Manufact. Holdings, Inc. (AXL) opened at $17.45 on Tuesday. American Axle & Manufact. Holdings, Inc. has a 52 week low of $13.38 and a 52 week high of $21.25. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90. The stock has a market cap of $1,955.37, a P/E ratio of 4.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.35.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The business’s quarterly revenue was up 71.2% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. equities analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. B. Riley reiterated a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Bank of America increased their target price on shares of American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.56.

In other news, Director George Thanopoulos sold 123,901 shares of the firm’s 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 owns 876,745 shares in the company, valued at approximately $13,282,686.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder American Securities Llc sold 15,000,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total transaction of $260,550,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,248,901 shares of company stock worth $264,305,850. Corporate insiders own 0.96% of the company’s stock.

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American Axle & Manufact. 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 & Manufact. (NYSE:AXL)

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