American Axle & Manufact. Holdings, Inc. (AXL) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 97,540 shares of the auto parts company’s stock after buying an additional 3,238 shares during the quarter. New York State Teachers Retirement System’s holdings in American Axle & Manufact. were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of AXL. BlackRock Inc. boosted its stake in shares of American Axle & Manufact. by 12.0% in the 3rd quarter. BlackRock Inc. now owns 16,201,045 shares of the auto parts company’s stock valued at $282,547,000 after purchasing an additional 1,732,645 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of American Axle & Manufact. by 160.0% in the 3rd quarter. Deutsche Bank AG now owns 1,553,809 shares of the auto parts company’s stock valued at $27,097,000 after purchasing an additional 956,173 shares in the last quarter. S&T Bank PA acquired a new stake in shares of American Axle & Manufact. in the 3rd quarter valued at approximately $13,399,000. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of American Axle & Manufact. in the 3rd quarter valued at approximately $9,172,000. Finally, Marshall Wace LLP acquired a new stake in shares of American Axle & Manufact. in the 3rd quarter valued at approximately $7,062,000. Institutional investors own 98.64% of the company’s stock.

NYSE:AXL opened at $14.34 on Wednesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63. American Axle & Manufact. Holdings, Inc. has a one year low of $10.13 and a one year high of $19.34. The company has a market cap of $1.60 billion, a P/E ratio of 3.82, a price-to-earnings-growth ratio of 0.55 and a beta of 1.65.

A number of research firms have recently weighed in on AXL. Zacks Investment Research downgraded shares of American Axle & Manufact. from a “hold” rating to a “strong sell” rating in a research note on Friday, November 16th. ValuEngine upgraded shares of American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 2nd. Morgan Stanley set a $19.00 target price on shares of American Axle & Manufact. and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Barclays set a $15.00 target price on shares of American Axle & Manufact. and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, TheStreet downgraded shares of American Axle & Manufact. from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.50.

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American Axle & Manufact. Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

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