Foundry Partners LLC boosted its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 961,299 shares of the auto parts company’s stock after buying an additional 72,176 shares during the period. Foundry Partners LLC’s holdings in American Axle & Manufacturing Holdings were worth $14,996,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at $104,000. Public Employees Retirement System of Ohio raised its stake in shares of American Axle & Manufacturing Holdings by 6.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock valued at $123,000 after buying an additional 380 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of American Axle & Manufacturing Holdings during the first quarter valued at $124,000. State of Alaska Department of Revenue raised its stake in shares of American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock valued at $158,000 after buying an additional 170 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of American Axle & Manufacturing Holdings during the second quarter valued at $162,000.

Shares of American Axle & Manufacturing Holdings, Inc. (AXL) opened at 14.14 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 4.87 and a beta of 1.34. The stock’s 50 day moving average price is $15.41 and its 200-day moving average price is $17.41. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $12.61 and a 12 month high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. Equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current year.

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AXL has been the subject of several recent research reports. CLSA initiated coverage on American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They issued a “buy” rating and a $18.00 price objective for the company. Deutsche Bank AG reissued a “buy” rating and issued a $22.00 price objective (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. Guggenheim started coverage on American Axle & Manufacturing Holdings in a research note on Wednesday, June 21st. They issued a “buy” rating and a $18.00 target price for the company. ValuEngine downgraded American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Off Wall Street started coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.90.

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.

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

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