American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Consensus Recommendation of "Hold" by Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has been assigned a consensus rating of "Hold" from the ten analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.25.

Several research firms have recently weighed in on AXL. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Morgan Stanley reduced their price objective on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Cowen started coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They set a "hold" rating on the stock. Finally, StockNews.com cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dana Investment Advisors Inc. boosted its position in shares of American Axle & Manufacturing by 30.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock valued at $6,399,000 after buying an additional 256,150 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of American Axle & Manufacturing by 12.4% in the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after acquiring an additional 426,933 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of American Axle & Manufacturing by 546.6% during the fourth 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. Whitebox Advisors LLC lifted its holdings in American Axle & Manufacturing by 33.7% during the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after acquiring an additional 477,550 shares during the period. Finally, Trexquant Investment LP boosted its position in American Axle & Manufacturing by 23.4% in the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock worth $5,109,000 after purchasing an additional 165,905 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Trading Up 8.4 %

AXL traded up $0.34 during trading on Friday, reaching $4.33. 4,005,477 shares of the company's stock were exchanged, compared to its average volume of 1,852,399. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $7.98. The firm has a fifty day moving average price of $4.01 and a two-hundred day moving average price of $5.28. The stock has a market capitalization of $511.79 million, a PE ratio of 15.45 and a beta of 1.70.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing's quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts forecast 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.