American Axle & Manufacturing (NYSE:AXL) Stock Rating Lowered by StockNews.com

American Axle & Manufacturing (NYSE:AXL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, UBS Group assumed coverage on American Axle & Manufacturing in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $9.00 price objective on the stock.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $7.55 on Friday. The company has a market cap of $883.80 million, a P/E ratio of 20.97, a P/E/G ratio of 2.61 and a beta of 2.32. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.32 and a current ratio of 1.71. The business’s 50 day moving average price is $8.17 and its 200-day moving average price is $7.82. American Axle & Manufacturing has a fifty-two week low of $6.61 and a fifty-two week high of $11.19.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, August 4th. The auto parts company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.59 billion. American Axle & Manufacturing had a return on equity of 6.07% and a net margin of 0.72%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. Sell-side analysts predict that American Axle & Manufacturing will post 0.36 earnings per share for the current year.

Insider Activity

In other American Axle & Manufacturing news, VP Terri M. Kemp sold 40,000 shares of American Axle & Manufacturing stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $8.00, for a total value of $320,000.00. Following the transaction, the vice president now owns 216,961 shares in the company, valued at $1,735,688. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On American Axle & Manufacturing

Several institutional investors have recently added to or reduced their stakes in AXL. Bank of Montreal Can lifted its holdings in shares of American Axle & Manufacturing by 20.7% during the first quarter. Bank of Montreal Can now owns 46,317 shares of the auto parts company’s stock worth $371,000 after purchasing an additional 7,940 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of American Axle & Manufacturing by 95.9% during the first quarter. MetLife Investment Management LLC now owns 61,060 shares of the auto parts company’s stock worth $474,000 after purchasing an additional 29,891 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of American Axle & Manufacturing by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,332 shares of the auto parts company’s stock worth $763,000 after purchasing an additional 12,124 shares during the period. APG Asset Management N.V. acquired a new stake in shares of American Axle & Manufacturing during the first quarter worth about $466,000. Finally, Great West Life Assurance Co. Can raised its position in American Axle & Manufacturing by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 105,521 shares of the auto parts company’s stock valued at $843,000 after acquiring an additional 2,040 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Company Profile

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 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.