California Public Employees Retirement System raised its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,737 shares of the auto parts company’s stock after purchasing an additional 16,537 shares during the quarter. California Public Employees Retirement System’s holdings in American Axle & Manufact. were worth $4,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kalos Management Inc. grew its stake in American Axle & Manufact. by 42.3% in the third quarter. Kalos Management Inc. now owns 27,253 shares of the auto parts company’s stock valued at $479,000 after purchasing an additional 8,106 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of American Axle & Manufact. during the 3rd quarter worth about $1,565,000. Atlantic Investment Management Inc. boosted its stake in shares of American Axle & Manufact. by 169.1% during the 3rd quarter. Atlantic Investment Management Inc. now owns 403,600 shares of the auto parts company’s stock worth $7,095,000 after acquiring an additional 253,600 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of American Axle & Manufact. during the 3rd quarter worth about $10,254,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of American Axle & Manufact. during the 3rd quarter worth about $4,048,000.

American Axle & Manufact. Holdings, Inc. (NYSE AXL) opened at $18.01 on Thursday. American Axle & Manufact. Holdings, Inc. has a 12-month low of $13.38 and a 12-month high of $21.25. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a market capitalization of $2,000.00, a PE ratio of 6.15, a P/E/G ratio of 0.66 and a beta of 1.36.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The firm’s revenue was up 71.2% compared to the same quarter last year. analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.6 earnings per share for the current fiscal year.

AXL has been the subject of several recent analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $16.00 price target (up previously from $11.00) on shares of American Axle & Manufact. in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 price target on shares of American Axle & Manufact. in a research note on Friday, November 3rd. Bank of America upped their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufact. in a research note on Sunday, September 17th. Finally, Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.67.

In other American Axle & Manufact. news, major shareholder American Securities Llc sold 15,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.37, for a total value of $260,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Thanopoulos sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.21, for a total value of $1,721,000.00. Following the completion of the transaction, the director now directly owns 299,013 shares of the company’s stock, valued at approximately $5,146,013.73. The disclosure for this sale can be found here. Insiders have sold a total of 15,604,931 shares of company stock valued at $271,156,687 in the last three months. 0.96% of the stock is owned by insiders.

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American Axle & Manufact. Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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