Wolverine Asset Management LLC Acquires Shares of 116,511 American Axle & Manufacturing Holdings, Inc. $AXL

Wolverine Asset Management LLC bought a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 116,511 shares of the auto parts company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AXL. Whitebox Advisors LLC raised its holdings in shares of American Axle & Manufacturing by 23.0% during the 2nd quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock worth $22,844,000 after buying an additional 1,047,820 shares in the last quarter. American Century Companies Inc. grew its position in American Axle & Manufacturing by 6.9% in the second quarter. American Century Companies Inc. now owns 4,578,385 shares of the auto parts company’s stock valued at $18,680,000 after acquiring an additional 294,805 shares during the last quarter. Geode Capital Management LLC grew its position in American Axle & Manufacturing by 0.9% in the second quarter. Geode Capital Management LLC now owns 2,752,266 shares of the auto parts company’s stock valued at $11,232,000 after acquiring an additional 23,783 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in American Axle & Manufacturing by 615.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company’s stock worth $7,669,000 after acquiring an additional 1,617,069 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of American Axle & Manufacturing by 77.9% in the first quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company’s stock worth $6,311,000 after acquiring an additional 679,042 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 1.3%

NYSE AXL opened at $7.70 on Friday. The firm has a market capitalization of $913.99 million, a PE ratio of 23.33 and a beta of 1.58. The business’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $5.92. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $8.08.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, November 7th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

AXL has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group boosted their price objective on American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. Morgan Stanley set a $7.00 price target on American Axle & Manufacturing in a research note on Monday, December 8th. Finally, Stifel Nicolaus upped their price objective on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus price target of $7.42.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.