American Axle & Manufacturing (NYSE:AXL) Sets New 52-Week Low – What’s Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) hit a new 52-week low on Tuesday . The company traded as low as $4.80 and last traded at $4.95, with a volume of 3888028 shares changing hands. The stock had previously closed at $5.23.

Analyst Upgrades and Downgrades

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 report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, American Axle & Manufacturing has an average rating of “Hold” and a consensus target price of $7.30.

American Axle & Manufacturing Price Performance

The firm’s fifty day simple moving average is $6.02 and its 200-day simple moving average is $6.20. 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 has a market capitalization of $601.43 million, a PE ratio of 21.31 and a beta of 1.94.

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

Institutional Investors Weigh In On American Axle & Manufacturing

Several large investors have recently bought and sold shares of AXL. Sei Investments Co. boosted its holdings in shares of American Axle & Manufacturing by 426.6% during the 2nd quarter. Sei Investments Co. now owns 66,834 shares of the auto parts company’s stock valued at $467,000 after acquiring an additional 54,143 shares during the last quarter. SG Americas Securities LLC bought a new position in American Axle & Manufacturing during the third quarter valued at approximately $218,000. Inspire Investing LLC purchased a new stake in American Axle & Manufacturing in the third quarter worth approximately $412,000. Creative Planning bought a new stake in American Axle & Manufacturing in the 3rd quarter worth approximately $80,000. Finally, Everence Capital Management Inc. purchased a new stake in American Axle & Manufacturing during the 3rd quarter valued at $89,000. 91.41% of the stock is currently owned by institutional investors.

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.