American Axle & Manufacturing (NYSE:AXL) Trading Down 5.1% - Here's Why

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) was down 5.1% during trading on Thursday . The stock traded as low as $4.20 and last traded at $4.26. Approximately 402,720 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,619,911 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

Several research firms have issued reports on AXL. StockNews.com cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. UBS Group dropped their price target on 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. Morgan Stanley reduced their price objective 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. Cowen initiated coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They set a "hold" rating for the company. Finally, Barclays lowered their price objective 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.69.

American Axle & Manufacturing Stock Down 1.1 %

The firm has a market cap of $482.21 million, a P/E ratio of 14.55 and a beta of 1.85. The company's 50-day simple moving average is $5.03 and its 200 day simple moving average is $5.76. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dana Investment Advisors Inc. boosted its holdings in shares of American Axle & Manufacturing by 30.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock valued at $6,399,000 after acquiring an additional 256,150 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of American Axle & Manufacturing in the third quarter valued at approximately $62,000. Barclays PLC grew its holdings in shares of American Axle & Manufacturing by 274.4% during the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock worth $1,234,000 after buying an additional 146,430 shares in the last quarter. FMR LLC lifted its stake in American Axle & Manufacturing by 25.8% in the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company's stock worth $3,160,000 after purchasing an additional 104,936 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in American Axle & Manufacturing by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock valued at $3,324,000 after buying an additional 15,976 shares in the last quarter. Institutional investors own 91.41% of the company's stock.

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.