Public Employees Retirement System of Ohio Lowers Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Public Employees Retirement System of Ohio trimmed its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 74.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,127 shares of the auto parts company’s stock after selling 106,934 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Axle & Manufacturing were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of American Axle & Manufacturing by 20.7% during the 1st quarter. Bank of Montreal Can now owns 46,317 shares of the auto parts company’s stock worth $371,000 after acquiring an additional 7,940 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of American Axle & Manufacturing by 95.9% in the first quarter. MetLife Investment Management LLC now owns 61,060 shares of the auto parts company’s stock worth $474,000 after acquiring an additional 29,891 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of American Axle & Manufacturing by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,332 shares of the auto parts company’s stock worth $763,000 after acquiring an additional 12,124 shares during the period. APG Asset Management N.V. acquired a new stake in shares of American Axle & Manufacturing in the first quarter worth $466,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of American Axle & Manufacturing by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 105,521 shares of the auto parts company’s stock worth $843,000 after acquiring an additional 2,040 shares during the period. Institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upgraded shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Wednesday, February 28th. StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.70.

American Axle & Manufacturing Stock Up 4.7 %

AXL stock opened at $7.38 on Thursday. The firm has a market cap of $867.45 million, a PE ratio of -26.36, a P/E/G ratio of 2.80 and a beta of 2.22. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67. The firm’s fifty day moving average is $7.43 and its 200 day moving average is $7.49. American Axle & Manufacturing Holdings, Inc. has a one year low of $6.29 and a one year high of $9.55.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) earnings per share. On average, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.32 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.