American Axle & Manufacturing (NYSE:AXL) Downgraded by StockNews.com to "Hold"

StockNews.com downgraded shares of American Axle & Manufacturing (NYSE:AXL - Free Report) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, Barclays cut their price objective 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 analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of "Hold" and a consensus target price of $6.75.

American Axle & Manufacturing Trading Down 4.7 %

Shares of AXL stock traded down $0.28 during mid-day trading on Monday, hitting $5.61. 1,627,932 shares of the company's stock were exchanged, compared to its average volume of 2,371,486. American Axle & Manufacturing has a fifty-two week low of $4.70 and a fifty-two week high of $7.98. The stock has a market cap of $659.04 million, a price-to-earnings ratio of 20.02 and a beta of 1.94. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The stock has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $6.05.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the firm earned ($0.09) earnings per share. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts expect that American Axle & Manufacturing will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On American Axle & Manufacturing

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in American Axle & Manufacturing by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock valued at $91,608,000 after acquiring an additional 462,847 shares during the period. State Street Corp raised its holdings in American Axle & Manufacturing by 0.5% during the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company's stock worth $29,076,000 after purchasing an additional 23,538 shares in the last quarter. American Century Companies Inc. raised its holdings in American Axle & Manufacturing by 12.4% during the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after purchasing an additional 426,933 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Axle & Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock worth $16,411,000 after purchasing an additional 21,054 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of American Axle & Manufacturing by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company's stock valued at $15,837,000 after buying an additional 65,535 shares in the last quarter. 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.