Public Employees Retirement System of Ohio Purchases 2,473 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Public Employees Retirement System of Ohio increased its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,950 shares of the auto parts company’s stock after buying an additional 2,473 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of American Axle & Manufacturing worth $465,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AXL. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Axle & Manufacturing by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock worth $424,000 after acquiring an additional 4,260 shares during the period. Russell Investments Group Ltd. lifted its holdings in American Axle & Manufacturing by 432.7% in the 1st quarter. Russell Investments Group Ltd. now owns 517,981 shares of the auto parts company’s stock worth $2,108,000 after purchasing an additional 420,749 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in American Axle & Manufacturing by 20.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock worth $10,783,000 after purchasing an additional 444,134 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth approximately $62,000. Finally, Nomura Holdings Inc. grew its holdings in American Axle & Manufacturing by 12.7% during the 1st quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company’s stock valued at $1,629,000 after buying an additional 45,200 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of AXL stock opened at $6.24 on Monday. The stock has a 50 day moving average price of $5.68 and a 200 day moving average price of $4.68. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.03. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market capitalization of $739.87 million, a P/E ratio of 18.34, a P/E/G ratio of 0.70 and a beta of 1.53.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

AXL has been the topic of several research analyst reports. Stifel Nicolaus assumed coverage on shares of American Axle & Manufacturing in a report on Thursday, August 21st. They issued a “hold” rating and a $6.00 target price on the stock. UBS Group reiterated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Saturday, September 27th. Finally, Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average price target of $6.75.

American Axle & Manufacturing Profile

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.