American Axle & Manufacturing (NYSE:AXL) Sets New 12-Month Low – Should You Sell?

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AXL. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective for the company. UBS Group lowered their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. StockNews.com lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Barclays lowered their target price on 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. One equities 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. According to MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and an average price target of $6.69.

American Axle & Manufacturing Trading Down 4.2 %

The stock has a 50-day moving average price of $5.17 and a two-hundred day moving average price of $5.82. The stock has a market capitalization of $522.65 million, a PE ratio of 15.88 and a beta of 1.85. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 0.57% and a return on equity of 10.44%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. As a group, equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. 111 Capital purchased a new position in shares of American Axle & Manufacturing in the fourth quarter valued at about $67,000. Wealth Enhancement Advisory Services LLC purchased a new position in American Axle & Manufacturing in the 4th quarter worth approximately $62,000. Public Employees Retirement System of Ohio bought a new position in American Axle & Manufacturing in the 4th quarter worth approximately $827,000. PharVision Advisers LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $96,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of American Axle & Manufacturing by 17.4% during the fourth 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 valued at $2,078,000 after buying an additional 52,751 shares during 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.