Convergence Investment Partners LLC Increases Stock Holdings in Ford Motor Company $F

Convergence Investment Partners LLC boosted its holdings in Ford Motor Company (NYSE:F) by 38.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 143,191 shares of the auto manufacturer’s stock after buying an additional 39,579 shares during the quarter. Convergence Investment Partners LLC’s holdings in Ford Motor were worth $1,652,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Ford Motor in the 4th quarter worth about $674,437,000. Marshall Wace LLP increased its stake in shares of Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after acquiring an additional 9,603,267 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after acquiring an additional 8,086,564 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Ford Motor by 458.7% during the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock worth $103,892,000 after acquiring an additional 7,391,361 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Key Ford Motor News

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford is expected to report second-quarter results soon, and some analysts think the company has a good chance to beat earnings estimates, which is supporting the shares. Ford Motor Company (F) Expected to Beat Earnings Estimates: Should You Buy?
• Positive Sentiment: Ford’s commercial business and software subscriptions are being highlighted as offsetting some of the pressure from weaker U.S. sales and EV losses, which could help results. Ford Gears Up to Report Q2 Earnings: Here’s What to Expect
• Positive Sentiment: Ford joined BlackRock, Carhartt, and Google in a new workforce-training alliance, a move that could strengthen its brand and support long-term talent development. BlackRock, Carhartt, Ford and Google Launch New Alliance to Expand Skilled Workforce Training
• Neutral Sentiment: Recent media coverage about alleged worker theft and firings at Ford plants is likely a reputation issue, but it does not appear material enough on its own to drive the stock.
• Neutral Sentiment: Broader auto-brand commentary in the news mainly focused on Chrysler being ranked poorly; it does not directly affect Ford’s fundamentals.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BNP Paribas Exane boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Finally, Citigroup boosted their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.79.

Ford Motor Trading Up 2.0%

NYSE F opened at $14.28 on Wednesday. Ford Motor Company has a one year low of $10.68 and a one year high of $17.78. The company’s 50 day moving average price is $14.38 and its 200 day moving average price is $13.42. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of -9.21, a PEG ratio of 0.31 and a beta of 1.82.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor Company will post 1.66 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.