American Axle & Manufacturing (NYSE:AXL) Shares Down 4.8% - Time to Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) was down 4.8% during mid-day trading on Friday . The company traded as low as $4.44 and last traded at $4.42. Approximately 411,635 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,596,179 shares. The stock had previously closed at $4.64.

Analysts Set New Price Targets

Several research analysts have recently commented on AXL shares. Morgan Stanley lowered their price target on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. StockNews.com cut American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Barclays cut their price target on shares of 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. TD Cowen started coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective for the company. Finally, UBS Group cut their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, American Axle & Manufacturing has an average rating of "Hold" and an average price target of $6.69.

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American Axle & Manufacturing Stock Down 1.1 %

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 company has a market cap of $530.29 million, a PE ratio of 16.11 and a beta of 1.85. The business's 50 day moving average is $5.12 and its 200-day moving average is $5.79.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. As a group, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. 111 Capital acquired a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of American Axle & Manufacturing during the 4th quarter worth approximately $62,000. Public Employees Retirement System of Ohio acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $827,000. PharVision Advisers LLC purchased a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $96,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in American Axle & Manufacturing by 17.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,460 shares of the auto parts company's stock worth $2,078,000 after acquiring an additional 52,751 shares in the last quarter. Hedge funds and other institutional investors 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.