Maryland State Retirement & Pension System Sells 4,408 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Maryland State Retirement & Pension System lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,298 shares of the auto parts company’s stock after selling 4,408 shares during the quarter. Maryland State Retirement & Pension System’s holdings in American Axle & Manufacturing were worth $144,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AXL. Lazard Asset Management LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth $51,000. Ethic Inc. acquired a new position in shares of American Axle & Manufacturing in the 4th quarter worth approximately $59,000. Ground Swell Capital LLC bought a new stake in shares of American Axle & Manufacturing in the 4th quarter worth about $61,000. Golden State Equity Partners acquired a new stake in shares of American Axle & Manufacturing during the first quarter worth approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $62,000. Institutional investors own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group restated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Cowen reaffirmed a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.25.

American Axle & Manufacturing Stock Performance

Shares of NYSE:AXL opened at $5.5850 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.03. The stock has a market capitalization of $662.72 million, a P/E ratio of 16.43, a P/E/G ratio of 0.62 and a beta of 1.59. The business has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.44.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.19 EPS. American Axle & Manufacturing’s revenue was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.