Dimensional Fund Advisors LP Acquires 203,451 Shares of Hyliion Holdings Corp. $HYLN

Dimensional Fund Advisors LP boosted its position in shares of Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) by 34.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 799,672 shares of the company’s stock after buying an additional 203,451 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hyliion were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its stake in Hyliion by 3.2% in the fourth quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock worth $344,000 after acquiring an additional 5,873 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hyliion by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock worth $101,000 after acquiring an additional 7,574 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Hyliion by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock valued at $299,000 after purchasing an additional 10,000 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hyliion by 15.1% in the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock valued at $108,000 after purchasing an additional 10,076 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Hyliion by 12.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock valued at $223,000 after purchasing an additional 12,160 shares during the last quarter. Institutional investors own 22.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HYLN shares. Needham & Company LLC started coverage on shares of Hyliion in a research report on Wednesday, June 10th. They set a “buy” rating and a $9.00 target price for the company. Northland Securities raised shares of Hyliion from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hyliion has a consensus rating of “Buy” and an average target price of $8.00.

Hyliion Trading Down 1.2%

HYLN stock opened at $4.06 on Friday. The firm has a 50-day moving average of $4.83 and a two-hundred day moving average of $3.45. The company has a market cap of $724.02 million, a price-to-earnings ratio of -13.53 and a beta of 3.52. Hyliion Holdings Corp. has a 12 month low of $1.47 and a 12 month high of $8.49.

Hyliion (NYSEAMERICAN:HYLN) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Hyliion had a negative net margin of 564.34% and a negative return on equity of 27.94%. The firm had revenue of $4.94 million for the quarter, compared to analyst estimates of $2.40 million. As a group, equities analysts forecast that Hyliion Holdings Corp. will post -0.33 earnings per share for the current year.

Hyliion Company Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.