58,600 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 58,600 shares of the auto parts company’s stock, valued at approximately $516,000. Louisiana State Employees Retirement System owned approximately 0.05% of American Axle & Manufacturing as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of AXL. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of American Axle & Manufacturing during the third quarter valued at approximately $76,000. QRG Capital Management Inc. purchased a new stake in American Axle & Manufacturing during the 3rd quarter valued at $84,000. Jump Financial LLC purchased a new stake in American Axle & Manufacturing during the 3rd quarter valued at $141,000. MGO One Seven LLC increased its holdings in shares of American Axle & Manufacturing by 18.2% in the 3rd quarter. MGO One Seven LLC now owns 19,661 shares of the auto parts company’s stock worth $143,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of American Axle & Manufacturing in the third quarter worth $154,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price objective for the company in a report on Wednesday, February 28th. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $7.70.

American Axle & Manufacturing Trading Up 0.5 %

American Axle & Manufacturing stock opened at $7.56 on Tuesday. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $6.29 and a 52-week high of $9.55. The company has a market cap of $888.60 million, a P/E ratio of -27.00, a P/E/G ratio of 2.71 and a beta of 2.22. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 4.55. The business has a 50-day simple moving average of $7.08 and a two-hundred day simple moving average of $7.48.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.34 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.