Teacher Retirement System of Texas Lowers Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Teacher Retirement System of Texas trimmed its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 95.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,827 shares of the auto parts company's stock after selling 381,206 shares during the period. Teacher Retirement System of Texas' holdings in American Axle & Manufacturing were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock worth $1,772,000 after buying an additional 3,161 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in American Axle & Manufacturing by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock worth $424,000 after purchasing an additional 4,260 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of American Axle & Manufacturing by 38.6% during the first quarter. QRG Capital Management Inc. now owns 18,742 shares of the auto parts company's stock valued at $76,000 after acquiring an additional 5,222 shares in the last quarter. MetLife Investment Management LLC increased its holdings in American Axle & Manufacturing by 11.3% during the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock valued at $379,000 after buying an additional 6,584 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in American Axle & Manufacturing by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company's stock valued at $518,000 after buying an additional 6,704 shares during the period. Hedge funds and other institutional investors own 91.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AXL shares. Wall Street Zen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Royal Bank Of Canada restated a "sector perform" rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. UBS Group raised shares of American Axle & Manufacturing from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.50 to $7.00 in a research report on Monday, July 14th. Finally, Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.43.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $4.54 on Tuesday. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.72 and a quick ratio of 1.35. The stock's fifty day moving average price is $4.39 and its two-hundred day moving average price is $4.55. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.65. The firm has a market cap of $538.12 million, a price-to-earnings ratio of 26.68 and a beta of 1.54.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results 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 business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

About American Axle & Manufacturing

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.

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