Victory Capital Management Inc. raised its stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 22.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,649,713 shares of the auto parts company’s stock after buying an additional 303,941 shares during the period. Victory Capital Management Inc. owned approximately 1.48% of American Axle & Manufact. worth $25,670,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brave Asset Management Inc. acquired a new position in American Axle & Manufact. during the 2nd quarter valued at about $170,000. Xact Kapitalforvaltning AB acquired a new position in American Axle & Manufact. during the 4th quarter valued at about $193,000. Point72 Asia Hong Kong Ltd increased its stake in American Axle & Manufact. by 7,105.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 11,457 shares of the auto parts company’s stock valued at $174,000 after buying an additional 11,298 shares during the period. Element Capital Management LLC acquired a new position in American Axle & Manufact. during the 1st quarter valued at about $181,000. Finally, Hartford Investment Management Co. acquired a new position in American Axle & Manufact. during the 2nd quarter valued at about $193,000.

Several research firms have commented on AXL. ValuEngine raised shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Buckingham Research assumed coverage on shares of American Axle & Manufact. in a research note on Friday, June 1st. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of American Axle & Manufact. to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. American Axle & Manufact. has a consensus rating of “Hold” and an average price target of $19.13.

Shares of AXL opened at $16.69 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.37. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.30 and a current ratio of 1.62. American Axle & Manufact. Holdings, Inc. has a 12-month low of $13.38 and a 12-month high of $20.27.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings data on Friday, August 3rd. The auto parts company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.14. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.83 billion. American Axle & Manufact. had a net margin of 6.00% and a return on equity of 28.88%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.88 EPS for the current fiscal year.

In other news, insider Norman Willemse sold 9,700 shares of American Axle & Manufact. stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $15.66, for a total value of $151,902.00. Following the transaction, the insider now owns 93,051 shares of the company’s stock, valued at approximately $1,457,178.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, 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.

Further Reading: Fundamental Analysis and Choosing Stocks

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

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