American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,465 shares of the auto parts company’s stock after acquiring an additional 15,014 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of American Axle & Manufacturing worth $821,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sona Asset Management US LLC acquired a new position in American Axle & Manufacturing during the first quarter valued at $7,102,000. Norges Bank acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at about $7,024,000. Whitebox Advisors LLC boosted its stake in shares of American Axle & Manufacturing by 74.7% in the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock worth $8,064,000 after buying an additional 468,573 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American Axle & Manufacturing by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock worth $67,565,000 after acquiring an additional 465,585 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in American Axle & Manufacturing by 19.0% during the first quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock valued at $14,079,000 after acquiring an additional 304,847 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXL. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Bank of America lifted their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.58.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $6.10 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The firm has a market cap of $717.07 million, a PE ratio of -87.14 and a beta of 1.95. American Axle & Manufacturing Holdings, Inc. has a one year low of $5.43 and a one year high of $8.99. The firm has a fifty day moving average of $6.48 and a 200 day moving average of $6.97.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current fiscal year.

American Axle & Manufacturing 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.