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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received a consensus rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.10.

Several research firms have commented on AXL. Bank of America boosted their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th.

Institutional Trading of American Axle & Manufacturing

A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP boosted its stake in American Axle & Manufacturing by 553.5% during the 1st quarter. Quantbot Technologies LP now owns 88,887 shares of the auto parts company’s stock worth $654,000 after purchasing an additional 75,285 shares during the period. Quest Partners LLC grew its holdings in shares of American Axle & Manufacturing by 3,849.5% during the second quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock worth $1,167,000 after buying an additional 162,681 shares during the last quarter. Federated Hermes Inc. increased its position in American Axle & Manufacturing by 84.0% in the 2nd quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock valued at $1,534,000 after acquiring an additional 100,231 shares during the period. Algert Global LLC raised its stake in American Axle & Manufacturing by 263.9% during the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after acquiring an additional 506,476 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in American Axle & Manufacturing by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after acquiring an additional 1,582 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 3.1 %

Shares of AXL opened at $6.18 on Thursday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The stock has a market capitalization of $726.48 million, a PE ratio of -88.29 and a beta of 1.95. The company’s 50-day simple moving average is $6.38 and its 200-day simple moving average is $6.95. American Axle & Manufacturing has a 1 year low of $5.43 and a 1 year high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. Analysts forecast that American Axle & Manufacturing will post 0.34 earnings per share for the current fiscal year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.