American Axle & Manufacturing (NYSE:AXL) Hits New 12-Month Low – What’s Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) hit a new 52-week low during trading on Monday . The company traded as low as $5.43 and last traded at $5.44, with a volume of 508643 shares changing hands. The stock had previously closed at $5.55.

American Axle & Manufacturing Trading Up 0.5 %

The stock has a market capitalization of $692.55 million, a PE ratio of 24.54 and a beta of 1.96. The company’s 50 day moving average price is $6.26 and its two-hundred day moving average price is $6.34. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. As a group, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On American Axle & Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXL. KBC Group NV increased its stake in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 3,211 shares during the last quarter. Quarry LP grew its holdings in shares of American Axle & Manufacturing by 159.2% in the second quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 4,851 shares during the period. XTX Topco Ltd acquired a new stake in American Axle & Manufacturing during the third quarter worth about $62,000. Zacks Investment Management purchased a new position in American Axle & Manufacturing during the third quarter worth about $70,000. Finally, Headlands Technologies LLC acquired a new position in American Axle & Manufacturing in the 2nd quarter valued at about $75,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

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.