Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) hit a new 52-week low during trading on Friday . The company traded as low as $11.22 and last traded at $11.33, with a volume of 2394578 shares trading hands. The stock had previously closed at $11.98.

A number of analysts have recently commented on AXL shares. ValuEngine raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Wolfe Research started coverage on American Axle & Manufact. in a research note on Tuesday, October 2nd. They issued an “outperform” rating for the company. Zacks Investment Research raised American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, October 8th. Citigroup lowered their target price on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 12th. Finally, TheStreet cut American Axle & Manufact. from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.70.

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.63 and a quick ratio of 1.31. The company has a market capitalization of $1.37 billion, a PE ratio of 3.12, a P/E/G ratio of 0.46 and a beta of 1.47.

American Axle & Manufact. (NYSE:AXL) last posted its earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.27). American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company posted $0.86 earnings per share. American Axle & Manufact.’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 3.31 EPS for the current year.

In other American Axle & Manufact. news, Director Elizabeth Anne Chappell purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $12.47 per share, with a total value of $49,880.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Michael K. Simonte purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of $11.88 per share, with a total value of $178,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 136,425 shares of company stock valued at $1,602,594. 0.96% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC grew its stake in shares of American Axle & Manufact. by 465.8% during the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 8,840 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of American Axle & Manufact. during the 2nd quarter worth approximately $190,000. Meeder Asset Management Inc. grew its stake in shares of American Axle & Manufact. by 215.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock worth $240,000 after acquiring an additional 9,426 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of American Axle & Manufact. during the 3rd quarter worth approximately $240,000. Finally, Signition LP bought a new position in shares of American Axle & Manufact. during the 2nd quarter worth approximately $250,000.

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About American Axle & Manufact. (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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