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

Convergence Investment Partners LLC increased its position in Ford Motor Company (NYSE:F) by 38.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,191 shares of the auto manufacturer’s stock after acquiring an additional 39,579 shares during the period. Convergence Investment Partners LLC’s holdings in Ford Motor were worth $1,652,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of F. Norges Bank purchased a new stake in Ford Motor during the fourth quarter worth $674,437,000. Marshall Wace LLP increased its position in shares of Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after buying an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after buying an additional 9,603,267 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 buying an additional 8,086,564 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake 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 buying an additional 7,391,361 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Ford Motor

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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on F shares. Barclays increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. BNP Paribas Exane lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.79.

Ford Motor Stock Up 2.0%

F opened at $14.28 on Wednesday. The firm has a market cap of $56.88 billion, a P/E ratio of -9.21, a PEG ratio of 0.31 and a beta of 1.82. The business’s fifty day simple moving average is $14.38 and its 200 day simple moving average is $13.42. Ford Motor Company has a 52 week low of $10.68 and a 52 week high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities research analysts anticipate that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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

Ford Motor Company Profile

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.