American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Consensus Rating of “Hold” from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.00.

Several research analysts recently weighed in on the company. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. UBS Group raised their price target on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, Citigroup raised their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AXL. Mutual Advisors LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth about $1,451,000. Vanguard Group Inc. increased its position in shares of American Axle & Manufacturing by 1.0% during the third quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company’s stock worth $101,308,000 after purchasing an additional 144,529 shares in the last quarter. AQR Capital Management LLC increased its position in shares of American Axle & Manufacturing by 25.8% during the third quarter. AQR Capital Management LLC now owns 949,974 shares of the auto parts company’s stock worth $6,897,000 after purchasing an additional 194,863 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of American Axle & Manufacturing by 15.1% during the third quarter. American Century Companies Inc. now owns 1,859,737 shares of the auto parts company’s stock worth $13,502,000 after buying an additional 243,924 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of American Axle & Manufacturing by 1.1% during the third quarter. Swiss National Bank now owns 257,300 shares of the auto parts company’s stock worth $1,868,000 after buying an additional 2,900 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Up 1.8 %

Shares of American Axle & Manufacturing stock opened at $6.92 on Tuesday. The firm has a market capitalization of $813.45 million, a price-to-earnings ratio of -98.84 and a beta of 2.11. American Axle & Manufacturing has a fifty-two week low of $6.29 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69. The stock has a 50 day moving average of $7.42 and a 200 day moving average of $7.60.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.52 billion. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, research analysts predict that American Axle & Manufacturing will post 0.4 earnings per share for the current 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.