American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Recommendation of “Reduce” by Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received an average rating of “Reduce” from the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.75.

Several equities research analysts recently commented on AXL shares. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Barclays decreased 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 report on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXL. Marshall Wace LLP lifted its holdings in American Axle & Manufacturing by 201.2% in the 4th quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company’s stock valued at $7,267,000 after purchasing an additional 832,726 shares in the last quarter. Lonestar Capital Management LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter valued at about $3,893,000. JPMorgan Chase & Co. increased its stake in shares of American Axle & Manufacturing by 546.6% during the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company’s stock valued at $4,586,000 after acquiring an additional 664,922 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of American Axle & Manufacturing by 31.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock valued at $14,053,000 after acquiring an additional 548,860 shares during the last quarter. Finally, Whitebox Advisors LLC increased its stake in shares of American Axle & Manufacturing by 33.7% during the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company’s stock valued at $11,035,000 after acquiring an additional 477,550 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $5.61 on Friday. American Axle & Manufacturing has a one year low of $4.70 and a one year high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The business has a fifty day moving average of $5.62 and a two-hundred day moving average of $6.04. The company has a market cap of $659.04 million, a P/E ratio of 20.02 and a beta of 1.94.

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

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.