American Axle & Manufacturing (NYSE:AXL) Hits New 12-Month Low – Time to Sell?

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

Analyst Ratings Changes

Separately, Barclays lowered their target price 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.30.

American Axle & Manufacturing Stock Performance

The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The stock has a 50-day moving average price of $5.84 and a 200-day moving average price of $6.12. The firm has a market capitalization of $559.09 million, a PE ratio of 19.84 and a beta of 1.94.

Institutional Trading of American Axle & Manufacturing

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in American Axle & Manufacturing by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock valued at $91,608,000 after acquiring an additional 462,847 shares in the last quarter. State Street Corp increased its position in American Axle & Manufacturing by 0.5% during the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock worth $29,076,000 after buying an additional 23,538 shares during the last quarter. American Century Companies Inc. raised its holdings in American Axle & Manufacturing by 12.4% during 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 buying an additional 426,933 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock worth $16,411,000 after buying an additional 21,054 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of American Axle & Manufacturing by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock worth $15,837,000 after acquiring an additional 65,535 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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.