Public Employees Retirement System of Ohio boosted its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 6,538 shares of the auto parts company’s stock after buying an additional 380 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Axle & Manufacturing Holdings were worth $123,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in American Axle & Manufacturing Holdings during the first quarter valued at $104,000. Ameritas Investment Partners Inc. purchased a new position in American Axle & Manufacturing Holdings during the first quarter valued at $124,000. State of Alaska Department of Revenue boosted its position in American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock valued at $158,000 after buying an additional 170 shares during the last quarter. Miles Capital Inc. boosted its position in American Axle & Manufacturing Holdings by 0.3% in the first quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock valued at $222,000 after buying an additional 31 shares during the last quarter. Finally, Invictus RG boosted its position in American Axle & Manufacturing Holdings by 22.2% in the first quarter. Invictus RG now owns 12,343 shares of the auto parts company’s stock valued at $232,000 after buying an additional 2,246 shares during the last quarter.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) traded up 1.49% during trading on Friday, reaching $14.35. The company had a trading volume of 1,603,582 shares. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 4.94 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The company’s 50 day moving average is $15.40 and its 200-day moving average is $17.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. On average, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 earnings per share for the current year.

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AXL has been the topic of several research analyst reports. CLSA initiated coverage on American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating and set a $22.00 price target (down from $24.00) on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. Guggenheim initiated coverage on American Axle & Manufacturing Holdings in a report on Wednesday, June 21st. They set a “buy” rating and a $18.00 price target on the stock. ValuEngine cut American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Off Wall Street started coverage on American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They set a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.90.

About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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