American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Recommendation of “Reduce” by Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has earned an average rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.30.

Separately, Barclays cut their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd.

American Axle & Manufacturing Stock Up 8.1 %

Shares of NYSE AXL opened at $5.14 on Friday. The stock has a market cap of $603.77 million, a PE ratio of 21.40 and a beta of 1.94. The business has a fifty day moving average of $5.73 and a two-hundred day moving average of $6.08. American Axle & Manufacturing has a 52-week low of $4.70 and a 52-week high of $8.98. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities research analysts expect that American Axle & Manufacturing will post 0.49 earnings per share for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXL. Marshall Wace LLP increased its position in American Axle & Manufacturing by 201.2% in the fourth quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company’s stock worth $7,267,000 after purchasing an additional 832,726 shares during the period. Lonestar Capital Management LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $3,893,000. JPMorgan Chase & Co. grew its position in shares of American Axle & Manufacturing by 546.6% during the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company’s stock worth $4,586,000 after buying an additional 664,922 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of American Axle & Manufacturing by 31.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after buying an additional 548,860 shares during the period. Finally, Whitebox Advisors LLC grew its position in shares of American Axle & Manufacturing by 33.7% during the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company’s stock worth $11,035,000 after buying an additional 477,550 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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.