Dimensional Fund Advisors Discloses 5.73% Stake in American Axle & Manufacturing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Stake Disclosure: Dimensional Fund Advisors Ltd. holds 6,803,624 shares of American Axle & Manufacturing, representing approximately 5.73%, indicating a significant investment interest that may influence market perceptions of the stock.
- Trading Activity Overview: In the latest disclosure, Dimensional purchased 128 shares at a price of $7.80 each, suggesting a positive outlook on the stock in the current market environment, which could attract further investor interest.
- Ownership Structure Explanation: Dimensional has no voting discretion over 224,998 shares included in the total, which may affect its influence at shareholder meetings, reflecting a cautious investment strategy.
- Compliance Information: This disclosure complies with Rule 8.3 of the Takeover Code, ensuring transparency and regulatory adherence, thereby enhancing market trust in Dimensional's investment activities.
Analyst Views on AXL
Wall Street analysts forecast AXL stock price to fall 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: 7.770
Low
4.50
Averages
7.04
High
8.50
Current: 7.770
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.
