Federal-Mogul Holdings Corp (NASDAQ:FDML)’s share price dropped 1.7% during mid-day trading on Monday . The stock traded as low as $8.66 and last traded at $8.73, with a volume of 119,881 shares changing hands. The stock had previously closed at $8.88.

FDML has been the subject of several recent analyst reports. TheStreet raised Federal-Mogul Holdings Corp from a “sell” rating to a “hold” rating in a report on Thursday, March 24th. Zacks Investment Research lowered Federal-Mogul Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, FBR & Co upped their target price on Federal-Mogul Holdings Corp from $7.00 to $8.00 and gave the company a “mkt perform” rating in a report on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.92.

The stock’s market capitalization is $1.48 billion. The firm’s 50-day moving average is $8.40 and its 200 day moving average is $7.56.

Federal-Mogul Holdings Corp (NASDAQ:FDML) last issued its earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm earned $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. On average, equities research analysts predict that Federal-Mogul Holdings Corp will post $1.10 EPS for the current year.

A number of hedge funds recently made changes to their positions in FDML. Morgan Stanley boosted its stake in shares of Federal-Mogul Holdings Corp by 21.4% in the fourth quarter. Morgan Stanley now owns 243,531 shares of the company’s stock valued at $1,668,000 after buying an additional 42,882 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Federal-Mogul Holdings Corp by 3.5% in the fourth quarter. Gabelli Funds LLC now owns 1,917,375 shares of the company’s stock valued at $13,134,000 after buying an additional 65,540 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Federal-Mogul Holdings Corp by 2.9% in the fourth quarter. Teton Advisors Inc. now owns 280,047 shares of the company’s stock valued at $1,918,000 after buying an additional 8,000 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Federal-Mogul Holdings Corp by 52.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 244,555 shares of the company’s stock valued at $1,676,000 after buying an additional 84,555 shares during the last quarter.

Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.

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