American Axle & Manufacturing (NYSE:AXL) Shares Down 6.4% – Should You Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) fell 6.4% during trading on Monday . The stock traded as low as $4.80 and last traded at $4.90. 934,437 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,951,186 shares. The stock had previously closed at $5.23.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.30.

American Axle & Manufacturing Stock Up 0.5 %

The firm has a market capitalization of $601.42 million, a PE ratio of 21.31 and a beta of 1.94. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The firm’s 50 day moving average price is $6.02 and its two-hundred day moving average price is $6.20.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business posted ($0.11) earnings per share. American Axle & Manufacturing’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in shares of American Axle & Manufacturing by 45.3% in the third quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock worth $2,380,000 after acquiring an additional 119,991 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. Barclays PLC raised its position in American Axle & Manufacturing by 274.4% during the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock valued at $1,234,000 after acquiring an additional 146,430 shares in the last quarter. FMR LLC lifted its stake in American Axle & Manufacturing by 25.8% in the third quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock valued at $3,160,000 after acquiring an additional 104,936 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in American Axle & Manufacturing by 540.2% in the third quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock worth $1,233,000 after acquiring an additional 168,348 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.