American Axle & Manufacturing (NYSE:AXL) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of American Axle & Manufacturing (NYSE:AXL) from a buy rating to a hold rating in a research note published on Monday.

Separately, Barclays dropped their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average target price of $6.75.

American Axle & Manufacturing Trading Up 1.1 %

NYSE AXL opened at $5.85 on Monday. The firm has a market cap of $687.26 million, a P/E ratio of 20.88 and a beta of 1.94. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $6.05. American Axle & Manufacturing has a one year low of $4.70 and a one year high of $8.20.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company posted ($0.09) EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that American Axle & Manufacturing will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV increased its position in shares of 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 valued at $44,000 after acquiring an additional 3,211 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. acquired a new position in American Axle & Manufacturing during the fourth quarter worth $59,000. Ground Swell Capital LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth $61,000. Finally, XTX Topco Ltd acquired a new stake in American Axle & Manufacturing in the third quarter valued at $62,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

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.