Dimensional Fund Advisors Discloses 6.8 Million Shares in American Axle & Manufacturing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Ownership Disclosure: Dimensional Fund Advisors Ltd. disclosed ownership of 6,808,967 shares in American Axle & Manufacturing, representing approximately 5.74% of total shares, indicating confidence in the company and potentially influencing market perceptions.
- Transaction Details: In a recent transaction, Dimensional purchased 3,023 shares at a price of $7.9125 per share, reflecting an aggressive investment strategy in the current market environment, which may enhance its reputation among investors.
- Voting Rights Structure: Dimensional lacks discretion over voting decisions for 224,998 shares included in the total, which could affect its influence in corporate governance, prompting investors to consider the implications for company decision-making.
- Transparency Compliance: This disclosure adheres to Rule 8 of the Takeover Code, enhancing market transparency regarding Dimensional's investment strategy and potentially attracting more investor interest in American Axle's future performance.
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 7.03 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.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 7.800
Low
4.50
Averages
7.03
High
8.50
Current: 7.800
Low
4.50
Averages
7.03
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.
