American Axle & Manufacturing (NYSE:AXL) Reaches New 12-Month Low - What's Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s share price hit a new 52-week low during trading on Saturday . The stock traded as low as $4.38 and last traded at $4.45, with a volume of 5273528 shares changing hands. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They set a "hold" rating and a $5.00 price target on the stock. Barclays reduced their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and an average price target of $6.69.

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American Axle & Manufacturing Trading Down 0.3 %

The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $527.35 million, a price-to-earnings ratio of 16.02 and a beta of 1.85. The company has a fifty day moving average price of $5.12 and a two-hundred day moving average price of $5.79.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. American Axle & Manufacturing's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. As a group, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Atom Investors LP grew its holdings in shares of American Axle & Manufacturing by 1.0% during the 3rd quarter. Atom Investors LP now owns 203,152 shares of the auto parts company's stock worth $1,255,000 after purchasing an additional 2,087 shares during the period. Franklin Resources Inc. lifted its position in American Axle & Manufacturing by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock valued at $1,772,000 after buying an additional 3,161 shares during the last quarter. Quadrature Capital Ltd boosted its stake in American Axle & Manufacturing by 28.6% during the third quarter. Quadrature Capital Ltd now owns 17,365 shares of the auto parts company's stock worth $107,000 after buying an additional 3,861 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of American Axle & Manufacturing by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 303,709 shares of the auto parts company's stock valued at $1,877,000 after acquiring an additional 3,968 shares during the last quarter. Finally, Quarry LP increased its position in shares of American Axle & Manufacturing by 51.9% during the third quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock valued at $74,000 after acquiring an additional 4,098 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

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.