Uncovering Institutional Buying In American Axle & Manufacturing Holdings Inc. (NYSE: AXL)


    Barrow, Hanley, Mewhinney & Strau.. recently announced the acquisition of new stake in American Axle & Manufacturing Holdings Inc. (NYSE:AXL). The institutional investor has increased its shareholding in the Consumer Cyclical company by 25.64% to 7.99 million shares with purchase of 1.63 million shares. This fresh investment now brings its stake to 7.07% valued currently at $56.41 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.4 million to 4.29 million shares.

    With over 1.28 million American Axle & Manufacturing Holdings Inc. (AXL) shares trading Tuesday and a closing price of $7.46 on the day, the dollar volume was approximately $9.53 million. The shares have shown a positive weekly performance of 2.05% and its price on 08/25/20 gained nearly 1.08%. Currently, there are 113.10M common shares owned by the public and among those 111.25M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for AXL have a consensus price objective of $8.89. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the American Axle & Manufacturing Holdings Inc. stock is 2.30 for the next 12 months. The average price target is 20.47% above its last price level and an upside to the estimated low will see the stock lose -86.5% over that period. But an upside of 46.71% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.

    Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 1,806,835 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 220,537 shares.

    The top 3 mutual fund holders in American Axle & Manufacturing Holdings Inc. are iShares Core S&P Small Cap ETF, American Beacon Small Cap Value F, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 7.04 million shares of the company’s stock, all valued at over $49.7 million. The company bought an additional 25158.0 shares recently to bring their total holdings to about 6.23% of the shares outstanding. American Beacon Small Cap Value F bought 0.1 million shares to see its total holdings expand to 4.13 million shares valued at over $29.18 million and representing 3.66% of the shares outstanding. Vanguard Total Stock Market Index bought 979.0 shares to bring its total holdings to over 2.99 million shares at a value of $21.08 million. Vanguard Total Stock Market Index now owns shares totaling to 2.64% of the shares outstanding.

    Shares of American Axle & Manufacturing Holdings Inc. (NYSE: AXL) opened at $7.56, up $0.18 from a prior closing price of $7.38. However, the script later closed the day at $7.46, up 1.08%. The company’s stock has a 5-day price change of 2.05% and -5.69% over the past three months. AXL shares are trading -30.67% year to date (YTD), with the 12-month market performance up to 17.30% higher. It has a 12-month low price of $2.50 and touched a high of $11.26 over the same period. Currently, 1.28 million shares have been traded, compared to an average intraday trading volume of 1.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.89%, 1.27%, and 0.56% respectively.

    Institutional ownership of American Axle & Manufacturing Holdings Inc. (NYSE: AXL) shares accounts for 96.00% of the company’s 113.10M shares outstanding. Mutual fund holders own 41.87%, while other institutional holders and individual stakeholders account for 52.79% and 38.50% respectively.

    It has a market capitalization of $874.39M and a beta (3y monthly) value of 2.77. The earnings-per-share (ttm) stands at -$11.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.95% over the week and 5.55% over the month.

    Analysts forecast that American Axle & Manufacturing Holdings Inc. (AXL) will achieve an EPS of $American Express Company for the current quarter, $99.05 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Anavex Life Sciences Corp. while analysts give the company a high EPS estimate of $Allstate Corporation (The). Comparatively, EPS for the current quarter was $AFLAC Incorporated a year ago. Earnings per share for the fiscal year are expected to decrease by -737.40%, and 132.60% over the next financial year. EPS should grow at an annualized rate of -4.64% over the next five years, compared to -34.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate American Axle & Manufacturing Holdings Inc. (AXL) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the AXL, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on April 27, 2020, with the firm’s price target at $11-$4. Morgan Stanley coverage for the American Axle & Manufacturing Holdings Inc. (AXL) stock in a research note released on March 30, 2020 offered a Equal-Weight rating with a price target of. RBC Capital Mkts was of a view on March 16, 2020 that the stock is Sector Perform, while Buckingham Research gave the stock Buy rating on January 24, 2020, issuing a price target of $11- $12. Barclays on their part issued Equal Weight rating on November 05, 2019.


    Please enter your comment!
    Please enter your name here