Public Sector Pension Investment Board Buys 59,470 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Public Sector Pension Investment Board raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 14.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 462,879 shares of the auto parts company’s stock after acquiring an additional 59,470 shares during the period. Public Sector Pension Investment Board’s holdings in American Axle & Manufacturing were worth $2,782,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in American Axle & Manufacturing by 615.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company’s stock valued at $7,669,000 after purchasing an additional 1,617,069 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in shares of American Axle & Manufacturing by 23.0% in the second quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock valued at $22,844,000 after purchasing an additional 1,047,820 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of American Axle & Manufacturing during the second quarter valued at approximately $3,231,000. Millennium Management LLC boosted its position in shares of American Axle & Manufacturing by 77.9% during the first quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company’s stock valued at $6,311,000 after buying an additional 679,042 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in American Axle & Manufacturing by 760.5% during the second quarter. Jump Financial LLC now owns 764,486 shares of the auto parts company’s stock worth $3,119,000 after buying an additional 675,642 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $6.63. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.60. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $9.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AXL shares. Royal Bank Of Canada lifted their price objective on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. BWS Financial began coverage on shares of American Axle & Manufacturing in a report on Tuesday, January 27th. They set a “buy” rating and a $17.00 price target on the stock. Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Morgan Stanley set a $7.00 target price on shares of American Axle & Manufacturing in a research report on Monday, December 8th. Finally, UBS Group upped their target price on American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.