American Axle & Manufacturing (NYSE:AXL) Hits New 1-Year Low – Here’s What Happened

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) reached a new 52-week low during mid-day trading on Monday . The stock 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 Down 1.3 %

The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The firm has a 50 day moving average of $6.26 and a 200 day moving average of $6.36. The firm has a market cap of $644.34 million, a PE ratio of 22.83 and a beta of 1.96.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of American Axle & Manufacturing by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock valued at $57,797,000 after buying an additional 236,423 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of American Axle & Manufacturing by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,873,408 shares of the auto parts company’s stock worth $41,055,000 after purchasing an additional 64,546 shares during the period. State Street Corp boosted its holdings in shares of 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 purchasing an additional 23,538 shares during the period. American Century Companies Inc. boosted its holdings in shares of American Axle & Manufacturing by 16.1% during the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after purchasing an additional 399,616 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of American Axle & Manufacturing by 0.8% during 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 purchasing an additional 21,054 shares during the period. Institutional investors 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.