New York State Teachers Retirement System Has $960,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

New York State Teachers Retirement System trimmed its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,399 shares of the auto parts company’s stock after selling 2,983 shares during the period. New York State Teachers Retirement System’s holdings in American Axle & Manufacturing were worth $960,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of American Axle & Manufacturing by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock worth $124,627,000 after purchasing an additional 191,737 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $266,000. Norges Bank acquired a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $7,024,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in American Axle & Manufacturing by 3.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,285 shares of the auto parts company’s stock valued at $757,000 after buying an additional 2,801 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in American Axle & Manufacturing by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock valued at $67,565,000 after buying an additional 465,585 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 2.7 %

NYSE:AXL traded down $0.20 during trading hours on Tuesday, hitting $7.30. The stock had a trading volume of 1,644,486 shares, compared to its average volume of 1,626,485. American Axle & Manufacturing Holdings, Inc. has a one year low of $6.29 and a one year high of $9.55. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69. The company has a market cap of $858.12 million, a price-to-earnings ratio of -104.27 and a beta of 2.11. The business’s 50 day moving average is $7.46 and its 200-day moving average is $7.62.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.02 by $0.16. American Axle & Manufacturing had a negative net margin of 0.13% and a positive return on equity of 1.92%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AXL has been the topic of several analyst reports. Citigroup increased their price objective on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Finally, UBS Group increased their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.00.

About American Axle & Manufacturing

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.