American Axle & Manufacturing (NYSE:AXL) Shares Gap Down - Here's Why

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.41, but opened at $5.22. American Axle & Manufacturing shares last traded at $5.22, with a volume of 249,517 shares traded.

Analysts Set New Price Targets

Separately, Barclays lowered their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.30.

American Axle & Manufacturing Trading Up 2.8 %

The firm has a market capitalization of $598.48 million, a P/E ratio of 21.21 and a beta of 1.94. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The stock's 50-day simple moving average is $6.05 and its two-hundred day simple moving average is $6.21.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.25. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business's revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.49 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

Large investors have recently made changes to their positions in the business. Sei Investments Co. increased its stake in American Axle & Manufacturing by 426.6% during the second quarter. Sei Investments Co. now owns 66,834 shares of the auto parts company's stock worth $467,000 after acquiring an additional 54,143 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of American Axle & Manufacturing during the 2nd quarter valued at approximately $802,000. Mackenzie Financial Corp bought a new stake in American Axle & Manufacturing in the second quarter worth $170,000. SG Americas Securities LLC purchased a new stake in American Axle & Manufacturing in the 3rd quarter worth about $218,000. Finally, Inspire Investing LLC purchased a new position in American Axle & Manufacturing during the 3rd quarter valued at $412,000. 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.