American Axle & Manufact. Holdings, Inc. (AXL) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 309,932 shares of the auto parts company’s stock after buying an additional 41,865 shares during the period. Legal & General Group Plc owned approximately 0.28% of American Axle & Manufact. worth $5,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of American Axle & Manufact. by 12.0% in the 3rd quarter. BlackRock Inc. now owns 16,201,045 shares of the auto parts company’s stock worth $282,547,000 after buying an additional 1,732,645 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufact. by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,399,024 shares of the auto parts company’s stock worth $163,920,000 after buying an additional 64,241 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of American Axle & Manufact. by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,015,093 shares of the auto parts company’s stock worth $35,143,000 after buying an additional 128,899 shares during the last quarter. LSV Asset Management boosted its stake in shares of American Axle & Manufact. by 22.4% in the 3rd quarter. LSV Asset Management now owns 1,723,837 shares of the auto parts company’s stock worth $30,063,000 after buying an additional 314,961 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of American Axle & Manufact. by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,670,085 shares of the auto parts company’s stock worth $29,127,000 after buying an additional 20,372 shares during the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.

NYSE:AXL opened at $14.87 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.70 billion, a P/E ratio of 4.08, a P/E/G ratio of 0.61 and a beta of 1.65. American Axle & Manufact. Holdings, Inc. has a 12 month low of $10.13 and a 12 month high of $19.34.

In related news, President Michael K. Simonte purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $11.88 per share, with a total value of $178,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth Anne Chappell bought 4,000 shares of the stock in a transaction on Thursday, November 8th. The shares were acquired at an average cost of $12.47 per share, for a total transaction of $49,880.00. The disclosure for this purchase can be found here. Insiders purchased a total of 26,100 shares of company stock worth $314,466 in the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research downgraded American Axle & Manufact. from a “hold” rating to a “strong sell” rating in a research note on Friday, November 16th. Morgan Stanley set a $19.00 target price on American Axle & Manufact. and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Citigroup cut their target price on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Finally, Barclays set a $15.00 price target on shares of American Axle & Manufact. and gave the stock a “buy” rating in a report on Monday, November 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. American Axle & Manufact. currently has an average rating of “Hold” and an average price target of $16.50.

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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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