Russell Investments Group Ltd lowered its stake in American Axle & Manufacturing Holdings, INC (NYSE: AXL) by 21.6% in the course of the third quarter, as disclosed within the agency’s most up-to-date submitting with the Securities and Exchange Commission (SEC).
The fund held 498,416 shares of the auto elements firm’s inventory earlier than the sale of 137,394 shares throughout the time-frame in query.
The most up-to-date info from the SEC means that Russell Investments Group Ltd owns roughly 0.44% of American Axle & Manufacturing, equal to $3,402,000 price of the corporate’s inventory.
The firm offered this info to the SEC.
The firm has additionally rebalanced the proportion of its holdings in numerous different hedge funds.
The worth of Barclays PLC’s holdings in American Axle & Manufacturing rose by 100.9% in the course of the third quarter as a result of firm’s latest inventory purchases. Following the acquisition of a further 45,608 shares of the auto elements firm over the previous three months, Barclays PLC is now the proprietor of a complete of 90,798 shares within the firm.
There is a complete worth of $621,000 related to these shares.
During the third quarter, Counterpoint Mutual Funds LLC noticed a 55.3% rise within the quantity of American Axle & Manufacturing inventory that it owned as a proportion of its general holdings. Counterpoint Mutual Funds LLC now has 25,694 shares within the auto elements firm.
This is a outcome of the acquisition of 9,146 further shares in the course of the previous quarter, bringing the full quantity of shares owned by the corporate to 25,694.
These shares are valued at $175,000 as of the present market worth.
The American Axle & Manufacturing inventory owned by Victory Capital Management INC elevated by 20.0% in the course of the third quarter.
The auto elements firm’s inventory was elevated by 14,092 shares in the course of the interval, bringing the full quantity of shares that Victory Capital Management INC at present owns to 84,614 with a worth of $578,000.
The Great West Life Assurance Company of Canada invested 922 thousand {dollars} in American Axle & Manufacturing in the course of the third quarter of this fiscal yr.
The Mitsubishi UFJ Kokusai Asset Management Co Ltd elevated the proportion of its holdings in American Axle & Manufacturing that it had allotted to that firm by 1.9% in the course of the third quarter. Following the acquisition of a further 1,861 shares throughout the latest buying and selling session, Mitsubishi UFJ Kokusai Asset Management Co Ltd now possesses 100,119 shares of the auto elements firm’s inventory, which has a present market worth of $684,000.
The overwhelming majority of the corporate’s inventory is held by institutional traders (95.74%).
NYSE: AXL was first accessible for buying and selling on Monday with a gap worth of $9.60.
There is a 6.11 debt to equity-ratio, 1.32 fast ratio to present ratio, and 1.69 present ratio to fast ratio.
All three ratios are relative to 1 one other.
The firm’s market worth is at present 1.10 billion {dollars}, and its price-to-earnings ratio stands at 960.96.
The worth of its beta index is 2.30, and the price-to-earnings-growth ratio for the inventory is 1.38.
The lowest worth that the inventory of American Axle & Manufacturing Holdings, INC has been prior to now yr is $6.36, whereas the best worth that the inventory has been prior to now yr is $11.96.
The transferring averages of the corporate’s inventory worth over the previous 50 days are $8.76; over the past 200 days, they’re $9.04.
On November 4, the latest earnings report for American Axle & Manufacturing was made public.
This firm’s inventory is traded on the New York Stock Exchange beneath the ticker image “AXL.” Earnings per share (EPS) for the quarter had been $0.27 for the corporate specializing in auto elements, which is $0.04 larger than the consensus estimate of $0.23 per share amongst analysts on this trade.
The firm’s income for the quarter was 1.54 billion {dollars}, which is significantly larger than the 1.44 billion {dollars} that analysts anticipated it might make.
The return on fairness for American Axle & Manufacturing was 15.04%, however the firm solely had a internet margin of 0.07%.
According to forecasts offered by fairness analysts, American Axle & Manufacturing Holdings, INC will earn $0.69 per share in the course of the present monetary yr.
Several analysis corporations have expressed curiosity in AXL attributable to latest developments. Citigroup decreased its worth goal on American Axle & Manufacturing shares from $11.00 to $10.00 and assigned a “impartial” score to the corporate in a analysis observe revealed on Friday, January 13.
American Axle & Manufacturing’s frequent inventory was mentioned in a analysis observe revealed on StockNews.com on October 12 and introduced the corporate’s intention to start protecting the inventory of American Axle & Manufacturing.
They instructed that an get together buy the corporate.
There is one analyst who recommends promoting shares of the corporate, six analysts who say traders ought to preserve their present holdings, two analysts who say traders ought to preserve their present holdings, and two analysts who say traders can purchase shares of the corporate.
According to info from Bloomberg.com, the common score for the corporate is “Hold,” and the present consensus goal worth for the corporate is $9.33.
American Axle & Manufacturing Holdings, INC is answerable for manufacturing, engineering, designing, and validating numerous merchandise, together with driveline techniques and the parts that accompany them.
Among these merchandise are additionally the driveline techniques themselves.
Drivelines and metallic forming are the 2 major areas of the corporate’s enterprise that it focuses on.
The Driveline part of the web site contains axles and drive shafts, energy switch models, rear drive modules, and electrical and hybrid driveline parts and techniques for passenger vehicles, mild vans, service utility autos, crossover autos, and business autos.
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