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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given a consensus rating of “Reduce” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $7.30.

Separately, Barclays decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently bought and sold shares of AXL. Dimensional Fund Advisors LP boosted its holdings in American Axle & Manufacturing by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock valued at $57,797,000 after acquiring an additional 236,423 shares during the period. State Street Corp boosted its holdings in American Axle & Manufacturing by 0.5% during the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after acquiring an additional 23,538 shares during the period. Geode Capital Management LLC boosted its holdings in American Axle & Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock valued at $16,411,000 after acquiring an additional 21,054 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in American Axle & Manufacturing by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock valued at $15,837,000 after acquiring an additional 65,535 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in American Axle & Manufacturing by 31.8% during the third 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 period. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Trading Down 0.3 %

American Axle & Manufacturing stock opened at $5.84 on Wednesday. The company’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $6.28. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. American Axle & Manufacturing has a 12 month low of $5.41 and a 12 month high of $8.98. The stock has a market cap of $686.08 million, a P/E ratio of 24.31 and a beta of 1.96.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted ($0.11) EPS. American Axle & Manufacturing’s revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that American Axle & Manufacturing will post 0.47 EPS for the current fiscal year.

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.