American Axle & Manufact. Holdings, Inc. (AXL) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan increased its stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,470 shares of the auto parts company’s stock after purchasing an additional 6,180 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in American Axle & Manufact. were worth $638,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AXL. Deutsche Bank AG raised its position in American Axle & Manufact. by 240.9% in the 4th quarter. Deutsche Bank AG now owns 4,679,598 shares of the auto parts company’s stock worth $79,692,000 after purchasing an additional 3,307,056 shares during the last quarter. BlackRock Inc. raised its position in American Axle & Manufact. by 22.4% in the 4th quarter. BlackRock Inc. now owns 12,973,513 shares of the auto parts company’s stock worth $220,939,000 after purchasing an additional 2,372,920 shares during the last quarter. Levin Capital Strategies L.P. raised its position in American Axle & Manufact. by 87.1% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,547,537 shares of the auto parts company’s stock worth $60,415,000 after purchasing an additional 1,651,735 shares during the last quarter. Dimensional Fund Advisors LP raised its position in American Axle & Manufact. by 24.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock worth $124,142,000 after purchasing an additional 1,407,426 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in American Axle & Manufact. by 33.1% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,003,677 shares of the auto parts company’s stock worth $87,964,000 after purchasing an additional 1,243,914 shares during the last quarter.

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In other American Axle & Manufact. news, Director George Thanopoulos sold 116,901 shares of American Axle & Manufact. stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $15.79, for a total transaction of $1,845,866.79. Following the completion of the sale, the director now owns 181,812 shares of the company’s stock, valued at approximately $2,870,811.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Joseph Lynch sold 16,337 shares of American Axle & Manufact. stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $15.68, for a total transaction of $256,164.16. The disclosure for this sale can be found here. Insiders have sold a total of 329,751 shares of company stock valued at $5,138,985 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Several research firms recently weighed in on AXL. Royal Bank of Canada restated a “buy” rating and issued a $25.00 price objective on shares of American Axle & Manufact. in a research report on Sunday, January 21st. ValuEngine cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley restated an “underweight” rating and issued a $16.00 price objective (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Zacks Investment Research cut shares of American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Guggenheim restated a “buy” rating and issued a $21.00 price objective on shares of American Axle & Manufact. in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. American Axle & Manufact. currently has an average rating of “Hold” and a consensus price target of $19.89.

Shares of American Axle & Manufact. Holdings, Inc. (NYSE AXL) opened at $14.85 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.28 and a debt-to-equity ratio of 2.58. American Axle & Manufact. Holdings, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $20.27. The company has a market cap of $1,652.80, a price-to-earnings ratio of 4.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.45.

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, February 16th. The auto parts company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. American Axle & Manufact. had a net margin of 5.38% and a return on equity of 32.04%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was up 83.2% compared to the same quarter last year. equities analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.57 earnings per share for the current fiscal year.

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About American Axle & Manufact.

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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