American Axle & Manufacturing (NYSE:AXL) Shares Down 6.4% - Time to Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) traded down 6.4% during trading on Monday . The stock traded as low as $4.80 and last traded at $4.90. 934,437 shares traded hands during trading, a decline of 52% from the average session volume of 1,951,186 shares. The stock had previously closed at $5.23.

Analysts Set New Price Targets

Separately, Barclays reduced 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 report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of "Hold" and a consensus price target of $7.30.

American Axle & Manufacturing Price Performance

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 company's 50 day simple moving average is $5.98 and its 200 day simple moving average is $6.19. The company has a market capitalization of $602.01 million, a PE ratio of 21.33 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted ($0.11) EPS. The company's revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of American Axle & Manufacturing

A number of large investors have recently made changes to their positions in AXL. KBC Group NV lifted its stake in American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after buying an additional 3,211 shares during the last quarter. XTX Topco Ltd purchased a new stake in American Axle & Manufacturing in the 3rd quarter valued at $62,000. Zacks Investment Management purchased a new stake in American Axle & Manufacturing in the 3rd quarter valued at $70,000. Quarry LP boosted its stake in American Axle & Manufacturing by 51.9% during the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock worth $74,000 after purchasing an additional 4,098 shares during the period. Finally, Creative Planning purchased a new position in American Axle & Manufacturing during the 3rd quarter worth $80,000. 91.41% of the stock is owned by institutional investors and hedge funds.

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.