American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Consensus Rating of "Hold" from Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.70.

Several brokerages have recently weighed in on AXL. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Thursday, March 28th. UBS Group upgraded shares of American Axle & Manufacturing from a "sell" rating to a "neutral" rating and set a $7.00 price objective for the company in a research report on Wednesday, February 28th.

American Axle & Manufacturing Stock Down 2.2 %

American Axle & Manufacturing stock traded down $0.16 during trading on Thursday, reaching $7.10. The stock had a trading volume of 926,118 shares, compared to its average volume of 1,935,623. American Axle & Manufacturing has a 52-week low of $6.29 and a 52-week high of $9.55. The business has a 50 day moving average price of $7.40 and a 200 day moving average price of $7.48. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 4.55. The stock has a market cap of $834.53 million, a PE ratio of -25.36, a P/E/G ratio of 2.81 and a beta of 2.22.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm's quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing will post 0.32 EPS for the current year.

Hedge Funds Weigh In On American Axle & Manufacturing

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufacturing by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company's stock valued at $124,627,000 after acquiring an additional 191,737 shares during the period. Legal & General Group Plc increased its holdings in shares of American Axle & Manufacturing by 4.2% in the 4th quarter. Legal & General Group Plc now owns 337,241 shares of the auto parts company's stock valued at $2,971,000 after acquiring an additional 13,700 shares during the period. Voya Investment Management LLC increased its holdings in shares of American Axle & Manufacturing by 2.3% in the 4th quarter. Voya Investment Management LLC now owns 114,592 shares of the auto parts company's stock valued at $1,010,000 after acquiring an additional 2,617 shares during the period. Whitebox Advisors LLC increased its holdings in shares of American Axle & Manufacturing by 2.5% in the 4th quarter. Whitebox Advisors LLC now owns 627,069 shares of the auto parts company's stock valued at $5,524,000 after acquiring an additional 15,000 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of American Axle & Manufacturing by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 737,758 shares of the auto parts company's stock valued at $6,500,000 after acquiring an additional 3,241 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

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.