Fintel reports that on September 13, 2023, UBS initiated coverage of American Axle & Manufacturing Holdings (NYSE:AXL) with a Neutral recommendation.
Analyst Price Forecast Suggests 22.05% Upside
As of August 31, 2023, the average one-year price target for American Axle & Manufacturing Holdings is 9.47. The forecasts range from a low of 8.08 to a high of $12.60. The average price target represents an increase of 22.05% from its latest reported closing price of 7.76.
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The projected annual revenue for American Axle & Manufacturing Holdings is 6,139MM, an increase of 2.44%. The projected annual non-GAAP EPS is 1.15.
What is the Fund Sentiment?
There are 484 funds or institutions reporting positions in American Axle & Manufacturing Holdings. This is a decrease of 25 owner(s) or 4.91% in the last quarter. Average portfolio weight of all funds dedicated to AXL is 0.08%, a decrease of 4.18%. Total shares owned by institutions increased in the last three months by 0.30% to 126,464K shares. 
The put/call ratio of AXL is 0.28, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 8,205K shares representing 7.01% ownership of the company. In it's prior filing, the firm reported owning 8,354K shares, representing a decrease of 1.81%. The firm increased its portfolio allocation in AXL by 0.72% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 5,816K shares representing 4.97% ownership of the company. In it's prior filing, the firm reported owning 5,769K shares, representing an increase of 0.80%. The firm increased its portfolio allocation in AXL by 19.61% over the last quarter.
FMCSX - Fidelity Mid-Cap Stock Fund holds 4,072K shares representing 3.48% ownership of the company. In it's prior filing, the firm reported owning 4,159K shares, representing a decrease of 2.15%. The firm decreased its portfolio allocation in AXL by 14.88% over the last quarter.
Lsv Asset Management holds 3,980K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 4,068K shares, representing a decrease of 2.22%. The firm increased its portfolio allocation in AXL by 1.84% over the last quarter.
Fuller & Thaler Asset Management holds 3,409K shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 3,407K shares, representing an increase of 0.05%. The firm increased its portfolio allocation in AXL by 4.37% over the last quarter.
American Axle & Manufacturing Holdings Background Information
(This description is provided by the company.)
AAM delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 20,000 associates operating at nearly 80 facilities in 17 countries to support its customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.
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