Stoneridge Investment Partners LLC Acquires 126,323 Shares of Ford Motor (NYSE:F)

Stoneridge Investment Partners LLC raised its holdings in Ford Motor (NYSE:F) by 78.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 286,372 shares of the auto manufacturer’s stock after purchasing an additional 126,323 shares during the period. Ford Motor makes up about 1.0% of Stoneridge Investment Partners LLC’s holdings, making the stock its 29th biggest holding. Stoneridge Investment Partners LLC’s holdings in Ford Motor were worth $2,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in shares of Ford Motor during the third quarter worth about $33,000. Access Investment Management LLC bought a new stake in shares of Ford Motor during the third quarter worth about $34,000. Crewe Advisors LLC boosted its holdings in Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,068 shares during the last quarter. Finally, Modus Advisors LLC bought a new stake in Ford Motor in the fourth quarter valued at approximately $34,000. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Bank of America reduced their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.25 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a twelve month low of $9.18 and a twelve month high of $14.85. The stock’s 50 day moving average is $10.06 and its 200-day moving average is $10.57. The firm has a market capitalization of $36.76 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts forecast that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.