Texas Permanent School Fund Has $1.14 Million Holdings in American Axle & Manufact. Holdings, Inc. (AXL)

Texas Permanent School Fund boosted its holdings in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 66,953 shares of the auto parts company’s stock after purchasing an additional 6,018 shares during the quarter. Texas Permanent School Fund’s holdings in American Axle & Manufact. were worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Ameritas Investment Partners Inc. increased its holdings in American Axle & Manufact. by 7.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in American Axle & Manufact. by 13.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 895 shares during the last quarter. Amalgamated Bank increased its holdings in American Axle & Manufact. by 18.7% during the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 1,900 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in American Axle & Manufact. by 5.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 56,999 shares of the auto parts company’s stock worth $889,000 after purchasing an additional 2,731 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in American Axle & Manufact. by 19.5% during the 4th quarter. State of Alaska Department of Revenue now owns 19,773 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 3,220 shares during the last quarter. Institutional investors own 84.37% of the company’s stock.

AXL has been the topic of several analyst reports. Morgan Stanley restated an “underweight” rating and set a $16.00 price objective (up from $11.00) on shares of American Axle & Manufact. in a report on Tuesday, December 5th. Royal Bank of Canada restated a “buy” rating and set a $23.00 price objective on shares of American Axle & Manufact. in a report on Friday, November 3rd. Bank of America lifted their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. Zacks Investment Research lowered American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley reiterated a “sell” rating on shares of American Axle & Manufact. in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.89.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) opened at $15.92 on Tuesday. The company has a market capitalization of $1,747.25, a P/E ratio of 5.45, a PEG ratio of 0.56 and a beta of 1.34. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41. American Axle & Manufact. Holdings, Inc. has a 12-month low of $13.38 and a 12-month high of $20.83.

In other news, Director George Thanopoulos sold 100,000 shares of American Axle & Manufact. stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00. Following the completion of the transaction, the director now owns 299,013 shares in the company, valued at approximately $5,146,013.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 604,931 shares of company stock valued at $10,606,687. Insiders own 0.96% of the company’s stock.

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American Axle & Manufact. Profile

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 & Manufact. (NYSE:AXL)

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