American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 936,703 shares of the auto parts company's stock after selling 121,097 shares during the quarter. New York State Common Retirement Fund owned approximately 0.80% of American Axle & Manufacturing worth $8,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AXL. Vanguard Group Inc. lifted its holdings in shares of American Axle & Manufacturing by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company's stock worth $101,308,000 after purchasing an additional 144,529 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in American Axle & Manufacturing by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,888,468 shares of the auto parts company's stock worth $20,970,000 after acquiring an additional 196,464 shares during the last quarter. Invesco Ltd. increased its holdings in American Axle & Manufacturing by 3.0% in the 3rd quarter. Invesco Ltd. now owns 2,222,457 shares of the auto parts company's stock worth $16,135,000 after acquiring an additional 65,073 shares during the last quarter. American Century Companies Inc. boosted its stake in American Axle & Manufacturing by 15.1% in the 3rd quarter. American Century Companies Inc. now owns 1,859,737 shares of the auto parts company's stock worth $13,502,000 after purchasing an additional 243,924 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth about $14,167,000. Institutional investors own 91.41% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AXL. UBS Group raised 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 upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of "Hold" and a consensus price target of $7.70.

American Axle & Manufacturing Stock Up 2.3 %

Shares of AXL stock traded up $0.17 on Friday, reaching $7.49. 2,015,493 shares of the company's stock traded hands, compared to its average volume of 1,773,605. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $6.29 and a 12-month high of $9.55. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67. The company has a market capitalization of $879.79 million, a P/E ratio of -26.75, a price-to-earnings-growth ratio of 2.65 and a beta of 2.19. The business's 50 day moving average price is $7.07 and its two-hundred day moving average price is $7.48.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.35 earnings per share for the current year.

About American Axle & Manufacturing

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.