Lord Abbett & CO. LLC Makes New $25.19 Million Investment in Ford Motor (NYSE:F)

Lord Abbett & CO. LLC purchased a new stake in shares of Ford Motor (NYSE:F) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,695,295 shares of the auto manufacturer’s stock, valued at approximately $25,192,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors Inc. increased its position in Ford Motor by 123.7% during the 2nd quarter. Core Wealth Advisors Inc. now owns 1,787 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 988 shares during the period. Capital Analysts LLC raised its holdings in Ford Motor by 1,198.1% in the first quarter. Capital Analysts LLC now owns 2,700 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,492 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Ford Motor in the second quarter worth about $34,000. Cypress Capital LLC grew its position in Ford Motor by 148.2% during the 1st quarter. Cypress Capital LLC now owns 2,968 shares of the auto manufacturer’s stock valued at $36,000 after purchasing an additional 1,772 shares during the last quarter. Finally, WD Rutherford LLC bought a new stake in shares of Ford Motor during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 50.86% of the company’s stock.

NYSE:F opened at $12.77 on Wednesday. The firm has a market cap of $51.01 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.21 and a quick ratio of 1.05. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $13.32. Ford Motor has a 1-year low of $6.41 and a 1-year high of $16.45.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 27th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.16. The firm had revenue of $24.13 billion for the quarter, compared to analyst estimates of $21.50 billion. Ford Motor had a return on equity of 24.26% and a net margin of 2.50%. On average, sell-side analysts anticipate that Ford Motor will post 1.61 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Ford Motor from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. Barclays upped their price objective on Ford Motor from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 22nd. UBS Group lifted their price target on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, June 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Ford Motor from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, May 27th. Finally, Wells Fargo & Company decreased their price objective on Ford Motor from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, September 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $14.94.

Ford Motor Company Profile

Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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