Strs Ohio Raises Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Strs Ohio lifted its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Rating) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,100 shares of the auto parts company’s stock after purchasing an additional 16,400 shares during the quarter. Strs Ohio owned about 0.08% of American Axle & Manufacturing worth $601,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AXL. Point72 Hong Kong Ltd lifted its holdings in shares of American Axle & Manufacturing by 703.4% during the first quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 7,780 shares during the period. KBC Group NV acquired a new stake in shares of American Axle & Manufacturing during the second quarter worth $71,000. Captrust Financial Advisors lifted its holdings in shares of American Axle & Manufacturing by 20.5% during the first quarter. Captrust Financial Advisors now owns 12,890 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 2,189 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Axle & Manufacturing by 7.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,151 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 1,125 shares during the period. Finally, Keebeck Alpha LP lifted its holdings in shares of American Axle & Manufacturing by 18.7% during the second quarter. Keebeck Alpha LP now owns 15,313 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 2,416 shares during the period. 95.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup decreased their price target on American Axle & Manufacturing from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, January 13th. StockNews.com began coverage on American Axle & Manufacturing in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.33.

American Axle & Manufacturing Trading Down 1.2 %

Shares of AXL stock opened at $8.72 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.36 and a fifty-two week high of $11.96. The stock has a market cap of $998.91 million, a P/E ratio of 872.87, a P/E/G ratio of 1.02 and a beta of 2.27. The business has a fifty day simple moving average of $9.10 and a 200-day simple moving average of $8.95. The company has a quick ratio of 1.32, a current ratio of 1.69 and a debt-to-equity ratio of 6.11.

American Axle & Manufacturing (NYSE:AXLGet Rating) last announced its quarterly earnings results on Friday, November 4th. The auto parts company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. American Axle & Manufacturing had a return on equity of 15.04% and a net margin of 0.07%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.44 billion. On average, analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

American Axle & Manufacturing Profile

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American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe.

Further Reading

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Institutional Ownership by Quarter for American Axle & Manufacturing (NYSE:AXL)

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