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

Public Employees Retirement System of Ohio bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 141,917 shares of the auto parts company's stock, valued at approximately $827,000. Public Employees Retirement System of Ohio owned 0.12% of American Axle & Manufacturing as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AXL. Empowered Funds LLC increased its position in American Axle & Manufacturing by 5.1% during the fourth quarter. Empowered Funds LLC now owns 551,116 shares of the auto parts company's stock worth $3,213,000 after acquiring an additional 26,890 shares during the period. Entropy Technologies LP raised its position in shares of American Axle & Manufacturing by 288.5% in the fourth quarter. Entropy Technologies LP now owns 59,633 shares of the auto parts company's stock valued at $348,000 after buying an additional 44,282 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of American Axle & Manufacturing by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock valued at $3,324,000 after buying an additional 15,976 shares during the period. Y Intercept Hong Kong Ltd grew its position in American Axle & Manufacturing by 80.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company's stock worth $377,000 after buying an additional 28,804 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in American Axle & Manufacturing by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 811,481 shares of the auto parts company's stock worth $4,731,000 after acquiring an additional 52,142 shares during the period. Institutional investors own 91.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AXL shares. TD Cowen initiated coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target on the stock. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. UBS Group cut their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, American Axle & Manufacturing has an average rating of "Hold" and a consensus price target of $5.93.

American Axle & Manufacturing Trading Up 1.5%

Shares of AXL stock traded up $0.07 during trading hours on Friday, hitting $4.30. 2,261,403 shares of the company's stock traded hands, compared to its average volume of 2,009,408. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $7.71. The stock has a market cap of $509.65 million, a PE ratio of 15.34 and a beta of 1.58. The stock's 50 day simple moving average is $3.93 and its 200 day simple moving average is $4.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm's revenue was down 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.