Gateway Investment Advisers LLC Reduces Holdings in Ford Motor (F)
Gateway Investment Advisers LLC reduced its position in Ford Motor (NYSE:F) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,005,333 shares of the auto manufacturer’s stock after selling 19,769 shares during the period. Gateway Investment Advisers LLC’s holdings in Ford Motor were worth $33,269,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Pinnacle Financial Partners Inc. acquired a new position in shares of Ford Motor during the 1st quarter valued at about $113,000. Point72 Asia Hong Kong Ltd increased its holdings in shares of Ford Motor by 31,558.8% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 10,764 shares of the auto manufacturer’s stock valued at $119,000 after acquiring an additional 10,730 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of Ford Motor during the 4th quarter valued at about $124,000. Haverford Trust Co. acquired a new position in shares of Ford Motor during the 1st quarter valued at about $127,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Ford Motor by 91.3% during the 4th quarter. Clearbridge Investments LLC now owns 10,475 shares of the auto manufacturer’s stock valued at $129,000 after acquiring an additional 5,000 shares during the last quarter. 55.27% of the stock is currently owned by institutional investors.
F traded down $0.18 during midday trading on Wednesday, reaching $11.07. The company’s stock had a trading volume of 30,013,389 shares, compared to its average volume of 42,843,605. The firm has a market capitalization of $44.50 billion, a P/E ratio of 6.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 2.89. Ford Motor has a twelve month low of $10.14 and a twelve month high of $13.48.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction on Friday, May 11th. The stock was bought at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the transaction, the director now owns 34,400 shares of the company’s stock, valued at $384,248. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.95% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on F shares. Morgan Stanley set a $16.00 price objective on Ford Motor and gave the company a “buy” rating in a report on Thursday, May 24th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.14 to $13.00 in a report on Tuesday, May 29th. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, May 24th. Susquehanna Bancshares set a $12.00 price objective on Ford Motor and gave the company a “hold” rating in a report on Wednesday, March 14th. Finally, Piper Jaffray Companies lowered Ford Motor from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $13.48 to $12.00 in a report on Tuesday, May 15th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.71.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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