New York State Teachers Retirement System Has $938,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

New York State Teachers Retirement System boosted its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,352 shares of the auto parts company’s stock after buying an additional 1,953 shares during the period. New York State Teachers Retirement System owned about 0.12% of American Axle & Manufacturing worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AXL. Point72 Hong Kong Ltd boosted its stake in shares of American Axle & Manufacturing by 703.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 7,780 shares in the last quarter. KBC Group NV bought a new position in shares of American Axle & Manufacturing in the second quarter valued at about $71,000. Captrust Financial Advisors raised its holdings in shares of American Axle & Manufacturing by 20.5% in the first quarter. Captrust Financial Advisors now owns 12,890 shares of the auto parts company’s stock valued at $100,000 after buying an additional 2,189 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of American Axle & Manufacturing by 7.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,151 shares of the auto parts company’s stock valued at $110,000 after buying an additional 1,125 shares during the last quarter. Finally, Keebeck Alpha LP raised its holdings in shares of American Axle & Manufacturing by 18.7% in the second quarter. Keebeck Alpha LP now owns 15,313 shares of the auto parts company’s stock valued at $115,000 after buying an additional 2,416 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AXL. Citigroup cut 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 started coverage on American Axle & Manufacturing in a report on Wednesday, October 12th. They set 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.33.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $8.14 on Friday. The stock has a market capitalization of $932.47 million, a PE ratio of 814.81, a P/E/G ratio of 1.02 and a beta of 2.27. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.69 and a quick ratio of 1.32. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.36 and a fifty-two week high of $11.96. The business has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $8.94.

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

American Axle & Manufacturing Company 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.