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

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $51,000. Ethic Inc. acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $59,000. Ground Swell Capital LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $61,000. Golden State Equity Partners acquired a new stake in shares of American Axle & Manufacturing during the first quarter worth $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $62,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased 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 research report on Monday, May 19th. 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. 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 upgraded shares of American Axle & Manufacturing from a "neutral" rating to a "buy" rating and boosted their target price for the company from $4.50 to $7.00 in a research report on Monday, July 14th. Finally, Cowen restated 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.43.

American Axle & Manufacturing Price Performance

Shares of American Axle & Manufacturing stock traded up $0.08 during trading hours on Friday, reaching $4.93. The stock had a trading volume of 3,859,585 shares, compared to its average volume of 3,528,143. The firm has a market capitalization of $584.40 million, a PE ratio of 28.97 and a beta of 1.54. The stock's 50 day moving average is $4.41 and its 200 day moving average is $4.53. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 4.38. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.65.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 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 net margin of 0.36% and a return on equity of 8.70%. The company's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. Equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal 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.