American Axle & Manufacturing (NYSE:AXL) Sets New 1-Year Low – What’s Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.77 and last traded at $4.77, with a volume of 26916 shares traded. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

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

American Axle & Manufacturing Price Performance

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 company’s 50-day moving average is $5.84 and its 200-day moving average is $6.12. The stock has a market cap of $559.09 million, a price-to-earnings ratio of 19.84 and a beta of 1.94.

Institutional Investors Weigh In On American Axle & Manufacturing

Several large investors have recently made changes to their positions in AXL. KBC Group NV increased its position in American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the period. XTX Topco Ltd bought a new position in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $62,000. Cibc World Markets Corp acquired a new stake in American Axle & Manufacturing in the 4th quarter valued at $63,000. Zacks Investment Management bought a new stake in American Axle & Manufacturing during the third quarter worth about $70,000. Finally, Quarry LP boosted its holdings in shares of American Axle & Manufacturing by 51.9% in the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock valued at $74,000 after buying an additional 4,098 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Company Profile

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.