Zacks Investment Research upgraded shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) from a sell rating to a hold rating in a research note published on Friday.

According to Zacks, “FEDERAL MOGUL CORPORATION is a leading global supplier of powertrain, chassis and safety technologies, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries. “

Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) opened at 10.12 on Friday. The firm has a market capitalization of $1.71 billion, a PE ratio of 74.41 and a beta of 2.97. Federal-Mogul Holdings Corp. has a 52 week low of $3.81 and a 52 week high of $10.15. The company has a 50-day moving average of $9.45 and a 200-day moving average of $9.03.

Federal-Mogul Holdings Corp. (NASDAQ:FDML) last posted its earnings results on Wednesday, October 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.06. The company earned $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. Federal-Mogul Holdings Corp. had a net margin of 0.31% and a return on equity of 16.56%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, equities analysts forecast that Federal-Mogul Holdings Corp. will post $1.00 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of FDML. First Trust Advisors LP boosted its stake in shares of Federal-Mogul Holdings Corp. by 40.8% in the second quarter. First Trust Advisors LP now owns 65,865 shares of the company’s stock worth $547,000 after buying an additional 19,081 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Federal-Mogul Holdings Corp. by 1.4% in the second quarter. Gabelli Funds LLC now owns 1,978,200 shares of the company’s stock worth $16,439,000 after buying an additional 27,500 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Federal-Mogul Holdings Corp. by 1.4% in the second quarter. Gamco Investors INC. ET AL now owns 8,349,777 shares of the company’s stock worth $69,387,000 after buying an additional 117,564 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Federal-Mogul Holdings Corp. by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,355 shares of the company’s stock worth $884,000 after buying an additional 1,302 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Federal-Mogul Holdings Corp. during the second quarter worth $226,000. Institutional investors own 98.50% of the company’s stock.

About Federal-Mogul Holdings Corp.

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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