American Axle & Manufacturing (NYSE:AXL) Sets New 12-Month Low – Should You Sell?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) reached a new 52-week low during trading on Wednesday . The company traded as low as $4.77 and last traded at $4.77, with a volume of 26916 shares. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing has an average rating of “Hold” and a consensus target price of $7.30.

American Axle & Manufacturing Stock Up 0.5 %

The company has a market cap of $557.69 million, a P/E ratio of 19.76 and a beta of 1.94. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. The business’s fifty day moving average is $5.80 and its two-hundred day moving average is $6.11.

Institutional Trading of American Axle & Manufacturing

A number of large investors have recently modified their holdings of AXL. KBC Group NV raised its position in American Axle & Manufacturing by 81.3% during the 3rd 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 in the last quarter. XTX Topco Ltd bought a new position in American Axle & Manufacturing during the 3rd quarter worth about $62,000. Cibc World Markets Corp purchased a new position in American Axle & Manufacturing during the 4th quarter valued at about $63,000. Zacks Investment Management purchased a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth approximately $70,000. Finally, Quarry LP boosted 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 purchasing an additional 4,098 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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.