American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,658 shares of the auto parts company’s stock after selling 1,997 shares during the period. California State Teachers Retirement System owned approximately 0.12% of American Axle & Manufacturing worth $1,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd grew 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 buying an additional 7,780 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in American Axle & Manufacturing in the third quarter valued at $72,000. SG Americas Securities LLC acquired a new stake in American Axle & Manufacturing in the first quarter valued at $86,000. Tower Research Capital LLC TRC raised its holdings in American Axle & Manufacturing by 146.0% in the third quarter. Tower Research Capital LLC TRC now owns 11,936 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 7,084 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in American Axle & Manufacturing during the fourth quarter valued at $95,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 2.0 %

American Axle & Manufacturing stock opened at $7.70 on Friday. The company has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $7.93. The firm has a market capitalization of $901.35 million, a P/E ratio of 21.39, a P/E/G ratio of 2.57 and a beta of 2.30. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.32 and a current ratio of 1.71. American Axle & Manufacturing Holdings, Inc. has a one year low of $6.61 and a one year high of $11.19.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, August 4th. The auto parts company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 6.07%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. As a group, equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of American Axle & Manufacturing in a research note on Thursday, August 17th. They set a “buy” rating for the company. Citigroup lowered their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 in a research note on Tuesday, May 16th.

Insider Activity at American Axle & Manufacturing

In related news, VP Terri M. Kemp sold 40,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $8.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now owns 216,961 shares in the company, valued at approximately $1,735,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

About American Axle & Manufacturing

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. It operates through Driveline and Metal Forming segments. The Driveline segment offers 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 vehicles, passenger cars, and commercial vehicles.