OLD National Bancorp IN Purchases 47,728 Shares of Ford Motor (NYSE:F)

OLD National Bancorp IN boosted its position in Ford Motor (NYSE:F) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 609,611 shares of the auto manufacturer’s stock after acquiring an additional 47,728 shares during the period. OLD National Bancorp IN’s holdings in Ford Motor were worth $6,035,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Ford Motor in the second quarter valued at $27,000. Reston Wealth Management LLC bought a new position in Ford Motor in the 3rd quarter worth about $33,000. Access Investment Management LLC purchased a new position in Ford Motor during the 3rd quarter valued at about $34,000. Modus Advisors LLC bought a new stake in shares of Ford Motor during the fourth quarter valued at about $34,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Ford Motor in the third quarter worth about $37,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.82.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $10.15 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a fifty day moving average of $10.24 and a 200-day moving average of $10.76. The stock has a market capitalization of $40.32 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts expect that Ford Motor will post 1.77 EPS for the current year.

Ford Motor 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.