American Axle & Manufacturing (NYSE:AXL) Sets New 1-Year Low – Should You Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $4.80 and last traded at $4.95, with a volume of 3888028 shares traded. The stock had previously closed at $5.23.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.30.

American Axle & Manufacturing Trading Up 0.5 %

The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The firm has a market cap of $601.43 million, a P/E ratio of 21.31 and a beta of 1.94. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $6.20.

American Axle & Manufacturing (NYSE:AXL) 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. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned ($0.11) earnings per share. American Axle & Manufacturing’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 3,211 shares during the period. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth $62,000. Zacks Investment Management bought a new position in shares of American Axle & Manufacturing during the 3rd quarter worth $70,000. Quarry LP increased its stake in shares of American Axle & Manufacturing by 51.9% during the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock valued at $74,000 after buying an additional 4,098 shares during the period. Finally, Creative Planning bought a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $80,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

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.