American Axle & Manufacturing Holdings, Inc.NYSE
American Axle Needs To Grow Outside Of U.S. And GM
Alpha Gen Capital
Alpha Gen Capital
American Axel And Manufacturing Will Benefit From New CAFE Standards
Alpha Gen Capital
Alpha Gen Capital
Tue, Oct. 11, 9:33 AM
- The German Bundesrat has fired a warning shot across the automobile industry that is yet another indication that seismic changes could be coming down the road.
- In a vote intended to pressure the EU, the Bundesrat approved a measure to ban gas and diesel vehicles by 2030. The Bundesrat doesn't set policy across Europe, but is considered influential.
- Naturally, the fact that the push is coming from the home of Mercedes, BMW, and Volkswagen also adds a degree of intrigue to the news and the underlying electrification push out of the trio.
- Wall Street analysts with their 1-year price target mindset haven't weighed in on the development, but there's plenty of discussion on Seeking Alpha about the implications.
- Previously: Germany says nein to internal combustion engines (Oct. 10)
- Related auto parts stocks: ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, FENX, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, SRI, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX.
Wed, Aug. 31, 10:26 AM
- U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
- Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
- The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
- Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.
Tue, Aug. 9, 10:46 AM
- Motorcar Parts of America (MPAA +16.6%) rallies after a solid Q2 earnings beat.
- Cooper-Standard Holdings (CPS +5.3%) is higher after catching a bullish initiation from Seaport Global Securities at a Buy rating.
- The boutique firm also sets Delphi Automotive (DLPH +0.6%) at Buy.
- Other sector movers on the day include Accuride (ACW +3.6%), American Axle & Manufacturing (AXL +2.1%), Autoliv (ALV +1.4%), and Tower International (TOWR +1.4%).
Fri, Jul. 29, 8:02 AM
Thu, Jul. 28, 5:30 PM
Tue, Jun. 21, 1:53 PM
- BorgWarner (BWA -4.1%) tumbles after BofA Merrill Lynch downgrades shares to Neutral from Buy, saying the company looks set to suffer from muted revenue and profit growth going forward.
- The downgrade is just one of several among auto parts suppliers amid lower than expected U.S. auto sales this year, as BofA cuts its 2016 U.S. auto sales estimate to 17.7M from an earlier view of 18.2M.
- In addition to BWA, the firm also downgrades American Axle (AXL -6%), Lear (LEA -3.5%) and Metaldyne (MPG -5.9%) to Neutral from Buy, and Cooper-Standard (CPS -3.6%) to Underperform from Neutral.
- BofA adds that investor sentiment towards the auto supplier sector has become more negative, meaning that all the downgraded stocks likely will trade at relatively low multiples.
Tue, Jun. 21, 12:00 PM
Wed, Jun. 1, 10:14 AM
- Auto parts stocks are under pressure after the Detroit Three all showed a slowing U.S. sales trend in May.
- The month included two fewer selling days which impacted the unadjusted tally, although demand for passenger cars in particular still came in weak.
- Notable decliners include BorgWarner (BWA -3.3%), Tower International (TOWR -4%), American Axle & Manufacturing (AXL -2.4%), Lear (LEA -2.5%), Delphi Automotive (DLPH -2.4%), and Dana Holding (DAN -1.8%).
Wed, May 25, 12:03 PM
Tue, May 24, 5:35 PM
- Arthur J. Gallagher (AJG +1.2%) is heading to the S&P 500, to replace Coca-Cola Enterprises (NYSE:CCE).
- That move is effective after Friday's close, when the bottling operation is expected to close on a merger with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke, into Coca-Cola European Partners -- which will be ineligible for the index as it will be domiciled in Spain.
- At the same time, SmallCap 600 constituent Education Realty Trust (NYSE:EDR) will take Gallagher's place in the Midcap 400, and American Axle & Manufacturing Holdings (NYSE:AXL) will replace EDR in the SmallCap 600.
- After hours: AJG +0.5%; CCE -0.6%; EDR +1.2%; AXL +4.6%.
Fri, May 6, 8:01 AM
- American Axle & Manufacturing (NYSE:AXL): Q1 EPS of $0.78 beats by $0.07.
- Revenue of $969.2M (flat Y/Y) misses by $29.56M.
Thu, May 5, 5:30 PM
Fri, Apr. 1, 11:14 AM
- Auto parts stock are lower after March U.S. auto sales from the Detroit Three fall short of the estimates of research firms.
- Leading decliners include Metaldyne (MPG -6.7%), Dana Holding (DAN -4.9%), American Axle & Manufacturing (AXL -3.4%), Tenneco (TEN -3.6%), Lear Corp. (LEA -3.1%), Meritor (MTOR -2.4%), and Gentherm (THRM -2.1%).
- Now read The U.S. Auto Market: How Many Brands, How Many Models?
Fri, Feb. 12, 8:08 AM
- American Axle & Manufacturing (NYSE:AXL): Q4 EPS of $0.81 may not be comparable to consensus of $0.68.
- Revenue of $958.4M (+2.0% Y/Y) misses by $21.19M.
Thu, Feb. 11, 5:30 PM
Wed, Jan. 13, 12:44 PM
- Auto parts stocks are sliding with a number of companies issuing guidance below expectations. Some of the soft reads are being delivered at the Deutsche Bank 2015 Global Auto Industry Conference in progress.
- Anxiety has increased over the last week that the U.S. auto market may be at a volume peak.
- Decliners include American Axle & Manufacturing (AXL -15%), Tower International (TOWR -7%), Tenneco (TEN -6.8%), Modine Manufacturing (MOD -4.9%), Lear Corp. (LEA -3.7%), and Visteon (VC -3.8%).