Charles Schwab Discloses 4.12% Stake in American Axle & Manufacturing Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Yahoo Finance
- Stake Disclosure: Charles Schwab Investment Management, Inc. (CSIM) disclosed a holding of 4,895,294 shares in American Axle & Manufacturing Holdings (AAM), representing 4.12% of its total equity, indicating a significant investment interest that may influence market confidence in AAM.
- Trading Activity Overview: Recently, CSIM executed multiple transactions involving ordinary shares, including purchasing 564,924 shares at $6.63 each, demonstrating an active portfolio adjustment strategy amidst market fluctuations to optimize returns.
- Market Reaction Potential: The disclosure of CSIM's stake may attract market attention towards AAM, particularly against the backdrop of its stock price volatility, prompting investors to reassess the company's future growth potential.
- Compliance Adherence: This disclosure complies with Rule 8.3 of the Takeover Code, ensuring transparency and maintaining market fairness, which further enhances investor trust in market regulations.
AXL
$6.46+Infinity%1D
Analyst Views on AXL
Wall Street analysts forecast AXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXL is 7.04 USD with a low forecast of 4.50 USD and a high forecast of 8.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 6.440
Low
4.50
Averages
7.04
High
8.50
Current: 6.440
Low
4.50
Averages
7.04
High
8.50
About AXL
American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. It designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. Its segment includes Driveline and Metal Forming. The Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover utility vehicles, passenger cars and commercial vehicles. The Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It is a supplier of driveline components to General Motors Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
