GAM Holding AG purchased a new position in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,848 shares of the auto parts company’s stock, valued at approximately $278,000.

Other large investors have also added to or reduced their stakes in the company. Advisors Preferred LLC increased its position in American Axle & Manufact. by 465.8% during the second quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 8,840 shares during the period. Brave Asset Management Inc. bought a new position in American Axle & Manufact. during the second quarter worth about $170,000. Point72 Asia Hong Kong Ltd increased its position in American Axle & Manufact. by 7,105.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 11,457 shares of the auto parts company’s stock worth $174,000 after acquiring an additional 11,298 shares during the period. Element Capital Management LLC bought a new position in American Axle & Manufact. during the first quarter worth about $181,000. Finally, Engineers Gate Manager LP bought a new position in American Axle & Manufact. during the second quarter worth about $190,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

AXL has been the topic of a number of recent research reports. TheStreet raised shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, June 28th. ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Buckingham Research started coverage on shares of American Axle & Manufact. in a research note on Friday, June 1st. They set a “neutral” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.13.

Shares of American Axle & Manufact. stock opened at $17.69 on Friday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 0.55 and a beta of 1.42. 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 $13.95 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 analysts’ consensus estimates of $1.09 by $0.14. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. analysts predict that American Axle & Manufact. Holdings, Inc. will post 3.9 EPS for the current fiscal year.

About American Axle & Manufact.

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.

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

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