HITE Hedge Asset Management LLC Has $14.84 Million Stock Holdings in General Motors Company $GM

HITE Hedge Asset Management LLC cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 52.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,460 shares of the auto manufacturer’s stock after selling 198,980 shares during the quarter. General Motors makes up 0.9% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 28th biggest holding. HITE Hedge Asset Management LLC’s holdings in General Motors were worth $14,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GM. Cibc World Market Inc. increased its position in General Motors by 57.2% during the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock worth $16,318,000 after buying an additional 72,984 shares during the last quarter. M&T Bank Corp increased its position in General Motors by 82.0% during the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after buying an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. increased its position in General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after buying an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP increased its position in General Motors by 94.1% during the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after buying an additional 22,829 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its position in General Motors by 99.0% during the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after buying an additional 14,048 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Up 0.7%

GM stock opened at $81.44 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a 52-week low of $47.63 and a 52-week high of $87.62. The company has a 50-day moving average of $78.43 and a two-hundred day moving average of $78.92. The stock has a market capitalization of $73.43 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 0.41 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the prior year, the company earned $2.78 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s dividend payout ratio is 29.03%.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: GM’s Redwood Materials partnership and broader battery-lifecycle strategy may create new revenue opportunities and strengthen its EV ecosystem.
• Positive Sentiment: Analysts highlighted GM’s energy-storage business as overlooked, and recent earnings estimate increases suggest improving profit expectations.
• Neutral Sentiment: CEO Mary Barra sold shares under a pre-arranged trading plan, which is routine but can still make some investors cautious. SEC filing
• Negative Sentiment: GM continues to face negative headlines around dealer disputes, political scrutiny over repair-rights issues, and criticism of its truck lineup, which could weigh on sentiment.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 20,582 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $85.00, for a total transaction of $1,749,470.00. Following the sale, the chief executive officer owned 592,242 shares of the company’s stock, valued at $50,340,570. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 598,149 shares of company stock worth $49,307,358 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GM. Citigroup increased their target price on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Piper Sandler reissued an “overweight” rating and set a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Evercore reissued an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Finally, Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.