Louisiana State Employees Retirement System Takes $516,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Louisiana State Employees Retirement System acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the fourth quarter, HoldingsChannel reports. The fund acquired 58,600 shares of the auto parts company’s stock, valued at approximately $516,000.

Several other institutional investors also recently bought and sold shares of AXL. Sequoia Financial Advisors LLC bought a new stake in American Axle & Manufacturing during the fourth quarter valued at about $14,167,000. Kowal Investment Group LLC lifted its position in shares of American Axle & Manufacturing by 7.3% during the fourth quarter. Kowal Investment Group LLC now owns 32,706 shares of the auto parts company’s stock valued at $288,000 after buying an additional 2,217 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at about $1,451,000. Ziegler Capital Management LLC grew its position in shares of American Axle & Manufacturing by 2.9% in the 4th quarter. Ziegler Capital Management LLC now owns 108,372 shares of the auto parts company’s stock worth $955,000 after buying an additional 3,067 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of American Axle & Manufacturing by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company’s stock worth $101,308,000 after acquiring an additional 144,529 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Up 0.5 %

NYSE:AXL opened at $7.56 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.27 and a debt-to-equity ratio of 4.55. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $6.29 and a twelve month high of $9.55. The company has a market cap of $888.60 million, a PE ratio of -27.00, a P/E/G ratio of 2.71 and a beta of 2.22. The company’s 50 day moving average is $7.08 and its two-hundred day moving average is $7.48.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group raised shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Wednesday, February 28th. StockNews.com raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.70.

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 two segments, 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.