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

Louisiana State Employees Retirement System trimmed its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,800 shares of the auto parts company’s stock after selling 2,300 shares during the period. Louisiana State Employees Retirement System’s holdings in American Axle & Manufacturing were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXL. BNP Paribas Financial Markets raised its stake in shares of American Axle & Manufacturing by 42.0% during the 1st quarter. BNP Paribas Financial Markets now owns 79,267 shares of the auto parts company’s stock worth $583,000 after buying an additional 23,437 shares during the last quarter. GSA Capital Partners LLP acquired a new position in American Axle & Manufacturing during the first quarter worth about $1,161,000. Texas Permanent School Fund Corp lifted its holdings in shares of American Axle & Manufacturing by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 102,451 shares of the auto parts company’s stock valued at $754,000 after purchasing an additional 1,370 shares in the last quarter. Quantbot Technologies LP grew its position in shares of American Axle & Manufacturing by 553.5% in the first quarter. Quantbot Technologies LP now owns 88,887 shares of the auto parts company’s stock valued at $654,000 after purchasing an additional 75,285 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of American Axle & Manufacturing by 8.2% during the 1st quarter. Empowered Funds LLC now owns 461,740 shares of the auto parts company’s stock worth $3,398,000 after purchasing an additional 34,967 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXL has been the topic of a number of analyst reports. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Finally, Bank of America raised their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.38.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $6.21 on Thursday. The business has a fifty day simple moving average of $6.07 and a 200-day simple moving average of $6.75. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $5.43 and a 52 week high of $8.99. The company has a market cap of $729.58 million, a P/E ratio of 621.12 and a beta of 1.95. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 4.42.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.35 EPS for the current year.

American Axle & Manufacturing Company Profile

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.