In a surprising move, Chicago Capital LLC recently announced their acquisition of a new position in shares of Ford Motor. This development was revealed in the company’s 13F filing with the Securities and Exchange Commission (SEC) for the first quarter of this year. The institutional investor purchased an impressive 10,174 shares of the renowned auto manufacturer’s stock, amounting to an approximate value of $128,000.
Ford Motor Company is recognized as one of the leading entities in the automotive industry. With a global presence, the company specializes in developing, delivering, and servicing a wide range of vehicles that include Ford trucks, commercial cars and vans, sport utility vehicles (SUVs), and luxury vehicles under its Lincoln brand. Operating through various segments, such as Ford Blue, Ford Model e, Ford Pro, Ford Next, and Ford Credit, they cater to diverse customer needs.
The company primarily sells its vehicles, service parts, and accessories through distributors and dealerships. However, beyond individual customers, it also serves commercial fleet customers, daily rental car companies, and even governments. This broad scope reflects their commitment to meeting both consumer demands and establishing fruitful partnerships on a larger scale.
As we delve deeper into Ford’s financial standing as of June 30th this year (the reference date for this article), let us analyze some key figures from their financial statements. On that day specifically, NYSE:F opened at $14.95 per share. In terms of debt management ratios which are vital indicators for any entity’s liquidity position and overall solvency; the company possesses a debt-to-equity ratio of 2.16 – suggesting a higher proportion of debt compared to equity financing.
Furthermore, some other significant factors come into play when evaluating Ford’s current financial health. The company boasts commendable liquidity with a current ratio standing at 1.20 – implying that it possesses sufficient short-term assets to cover its short-term liabilities. Additionally, the quick ratio, which measures a company’s ability to meet immediate obligations, stands at 1.03.
In terms of stock performance, Ford Motor has experienced notable movement over the past year. The company’s fifty-day moving average price settled at $12.66, while its 200-day moving average price balanced slightly higher at $12.51 during the reference period mentioned earlier. Notably, Ford Motor’s stock witnessed fluctuation between a 1-year low of $10.61 and an impressive high of $16.68.
Finally, we examine some figures representative of Ford Motor’s market positioning as per June 30th this year. With a market capitalization reaching approximately $59.79 billion, the company reflects a significant presence in the automotive market worldwide. Additionally, it is important to note that Ford Motor maintains a price-to-earnings (P/E) ratio of 21.05 – providing insights into its valuation in relation to its earnings per share.
Adding further significance to their financial standing is the PEG ratio of 1.37 – an indicator that determines whether a stock is over or underpriced based on its growth prospects. Furthermore, with a beta factor of 1.54 (a measure of volatility), Ford Motor demonstrates heightened sensitivity to market fluctuations compared to the overall market index.
In conclusion, Chicago Capital LLC’s recent acquisition of shares in Ford Motor exemplifies the continuing interest and confidence held by institutional investors in the automotive industry giant. With their extensive portfolio encompassing various vehicle types and global reach bolstered by key financial indicators; it comes as no surprise that investors are attracted to the potential growth and profitability offered by this established player in the market.
[bs_slider_forecast ticker=”F”]
Ford Motor Company: Institutional Investment and Analyst Ratings Analysis, June 30, 2023
June 30, 2023
Ford Motor Company: An Analysis of Recent Institutional Activity and Analyst Ratings
Amidst the ever-changing landscape of the automotive industry, Ford Motor Company continues to make headlines. This article examines recent trends in institutional investment and analyst ratings for Ford’s stock. The data used here is accurate as of June 30, 2023.
Institutional investors play a crucial role in determining the market sentiment surrounding a company’s stock. Recent reports indicate that RB Capital Management LLC increased its position in Ford Motor by a significant margin during the first quarter of this year. Their ownership now stands at 27,339 shares valued at $462,000 after purchasing an additional 3,477 shares during the same period.
Similarly, Fairfield Bush & CO., another institutional investor, entered the scene by acquiring new stakes in Ford Motor worth $37,000 during Q1 of this year. These moves reflect confidence in Ford Motor’s future prospects and illustrate that institutions are willing to take calculated risks on the company.
Synovus Financial Corp also showed considerable interest in Ford Motor during Q1. They increased their holdings by over 275%, amassing a total of 111,481 shares valued at $1,886,000 after acquiring an additional 81,783 shares during the period. This substantial increase suggests that Synovus Financial Corp believes in Ford’s potential for growth.
Blair William & Co. IL joined these institutional investors by lifting their stake in Ford Motor as well. They saw an increase of 17.3% during the first quarter, bringing their total ownership to 325,778 shares valued at $5,509,000 after purchasing an additional 47,959 shares during this quarter alone.
Lastly, Canada Pension Plan Investment Board demonstrated their continuing faith in Ford Motor by growing their holdings by 3% during Q1. They now hold a total of 564,002 shares valued at $9,537,000 after purchasing an additional 16,498 shares during the period. These figures demonstrate that Ford Motor has caught the attention of prominent institutional investors and continues to be a sound investment option.
It is worth noting that 53.20% of Ford Motor’s stock is now owned by hedge funds and other institutional investors. This high percentage displays the company’s attractiveness for long-term gain and stability.
Another crucial aspect of evaluating any stock is considering analyst ratings and their impact on investors’ decisions. Recently, a range of analysts has offered their assessment of Ford Motor’s stock (NYSE: F). Citigroup upgraded its rating from “neutral” to “buy” and raised the price target from $12.80 to $16.00 in a report released on June 5th, 2023.
Jefferies Financial Group also revised their rating from “hold” to “buy” and increased their price objective from $13.00 to $16.00 on May 30th, 2023. Daiwa Capital Markets further upgraded Ford Motor from an “underperform” rating to a “neutral” rating with a $12.00 target price on May 25th, 2023.
StockNews.com started its coverage of Ford Motor on May 18th, giving it a “hold” rating. Finally, Benchmark raised its price target for Ford Motor from $19.00 to $20.00 on May 3rd, signaling optimism regarding the company’s future performance.
In summary, three analysts have rated Ford Motor as a sell, six as hold, and six as buy. With an average rating of “Hold,” according to Bloomberg data analysis, the average target price stands at $14.78.
Ford Motor Company runs through various segments such as Ford Blue, Ford Model e, and Ford Pro; Ford Next; as well as Ford Credit segments offering diverse vehicles from trucks and commercial cars to luxury options through its Lincoln lineup. The company distributes its Ford and Lincoln vehicles, service parts, and accessories via dealerships, distributors, commercial fleet customers, rental car companies, and governments.
In terms of financial performance, Ford Motor released its quarterly earnings data on May 2nd, 2023. The company surpassed analysts’ expectations with $0.63 earnings per share for the quarter, surpassing the consensus estimate of $0.36 by $0.27. Ford Motor achieved a return on equity of 19.99% and a net margin of 1.75%. Additionally, the company reported revenue of $39.09 billion during this period, surpassing analyst estimates of $37.42 billion.
Ford Motor recently announced the declaration of a quarterly dividend paid on June 15th, 2023. Investors were issued a dividend of $0.15 per share with an ex-dividend date of April 25th, reflecting an annualized dividend payout ratio (DPR) of 84.51% and a yield of 4.01%.
Overall, Ford Motor shows promise as institutional investors increase their positions in the company while analysts provide optimistic ratings for its stock. These developments suggest a level of confidence in Ford
