ReportWire

Tag: Auto/Tires/Truck

  • Head-To-Head Contrast: American Axle & Manufacturing (DCH) & Its Peers

    [ad_1]

    American Axle & Manufacturing (NYSE:DCH – Get Free Report) is one of 31 publicly-traded companies in the “Motor Vehicle Parts & Accessories” industry, but how does it weigh in compared to its rivals? We will compare American Axle & Manufacturing to related companies based on the strength of its earnings, dividends, analyst recommendations, valuation, institutional ownership, risk and profitability.

    Profitability

    This table compares American Axle & Manufacturing and its rivals’ net margins, return on equity and return on assets.

    Net Margins Return on Equity Return on Assets
    American Axle & Manufacturing -0.34% 10.00% 1.17%
    American Axle & Manufacturing Competitors -561.48% -11.41% -7.16%

    Analyst Ratings

    This is a summary of current ratings and target prices for American Axle & Manufacturing and its rivals, as reported by MarketBeat.

    Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
    American Axle & Manufacturing 2 0 3 0 2.20
    American Axle & Manufacturing Competitors 177 672 519 3 2.25

    American Axle & Manufacturing presently has a consensus price target of $12.45, indicating a potential upside of 78.37%. As a group, “Motor Vehicle Parts & Accessories” companies have a potential downside of 0.53%. Given American Axle & Manufacturing’s higher probable upside, research analysts plainly believe American Axle & Manufacturing is more favorable than its rivals.

    Institutional & Insider Ownership

    91.4% of American Axle & Manufacturing shares are held by institutional investors. Comparatively, 47.8% of shares of all “Motor Vehicle Parts & Accessories” companies are held by institutional investors. 3.7% of American Axle & Manufacturing shares are held by company insiders. Comparatively, 13.1% of shares of all “Motor Vehicle Parts & Accessories” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

    Valuation and Earnings

    This table compares American Axle & Manufacturing and its rivals gross revenue, earnings per share (EPS) and valuation.

    Gross Revenue Net Income Price/Earnings Ratio
    American Axle & Manufacturing $5.84 billion -$19.70 million -38.78
    American Axle & Manufacturing Competitors $1.47 billion -$2.71 million -11.60

    American Axle & Manufacturing has higher revenue, but lower earnings than its rivals. American Axle & Manufacturing is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

    Risk and Volatility

    American Axle & Manufacturing has a beta of 1.6, suggesting that its stock price is 60% more volatile than the S&P 500. Comparatively, American Axle & Manufacturing’s rivals have a beta of 1.85, suggesting that their average stock price is 85% more volatile than the S&P 500.

    Summary

    American Axle & Manufacturing beats its rivals on 7 of the 13 factors compared.

    About American Axle & Manufacturing

    (Get Free Report)

    American Axle & Manufacturing Holdings, Inc. is a leading supplier of driveline and drivetrain systems, modules and components for the light vehicle market world wide. It manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. It’s the primary supplier of driveline components to its major customers include General Motors, Stellantis and Ford. It also sells various products to Ford & Stellantis from Metal Forming segment. It has the 2 operating segments. Driveline segment comprises front & rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric & hybrid driveline products and systems for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Metal Forming segment comprises axle & transmission shafts, ring and pinion gears, differential gears & assemblies, connecting rods and variable valve timing products for OEM and Tier 1 automotive suppliers.



    Receive News & Ratings for American Axle & Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Axle & Manufacturing and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Tesla (NASDAQ:TSLA) Earns “Buy” Rating from Royal Bank Of Canada

    [ad_1]

    Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Friday,MarketScreener Latest Ratings reports. They presently have a $500.00 target price on the electric vehicle producer’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 14.14% from the stock’s current price.

    Several other brokerages also recently commented on TSLA. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their price target for the company from $320.00 to $548.00 in a report on Friday, September 19th. New Street Research raised their target price on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Benchmark reissued a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $414.92.

    Get Our Latest Analysis on Tesla

    Tesla Price Performance

    NASDAQ TSLA opened at $438.07 on Friday. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83. The business’s fifty day moving average is $445.77 and its two-hundred day moving average is $391.34. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 292.05, a P/E/G ratio of 7.00 and a beta of 1.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

    Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, research analysts forecast that Tesla will post 2.56 earnings per share for the current fiscal year.

    Insider Buying and Selling at Tesla

    In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by insiders.

    Institutional Investors Weigh In On Tesla

    Several hedge funds have recently added to or reduced their stakes in TSLA. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter valued at $11,839,824,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares during the period. Vanguard Group Inc. raised its holdings in shares of Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the period. Holocene Advisors LP boosted its position in shares of Tesla by 132.2% during the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after purchasing an additional 3,505,000 shares in the last quarter. Finally, Amundi grew its stake in shares of Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after buying an additional 3,422,270 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

    Key Headlines Impacting Tesla

    Here are the key news stories impacting Tesla this week:

    • Positive Sentiment: RBC reiterated a “buy” on TSLA with a $500 price target — a signal that some large brokers still see meaningful upside tied to Tesla’s longer‑term story. MarketScreener Latest Ratings
    • Positive Sentiment: Dan Ives and other bulls kept high targets and public optimism about Tesla’s valuation if autonomy/robotaxi execution accelerates — a reminder investors are pricing optionality beyond car volumes. Dan Ives Maintains Street-High Tesla Price Target
    • Positive Sentiment: Record energy‑storage deployments in Q4 were disclosed alongside vehicle numbers — a business line that can help revenue diversification and offset auto weakness. Benzinga: Tesla Deliveries Slide, Energy Storage Hits Records
    • Neutral Sentiment: Some Wall Street coverage and commentators note Tesla can “shake off” the delivery miss because investors are focused on AI/autonomy upside — but that view depends on execution and timing. TSLA: Tesla Stock Rises Despite Missing Q4 Delivery Estimates
    • Neutral Sentiment: Canaccord and other sell‑side analysts are discussing CyberCab/robotaxi scale plans for 2026 — bullish if achieved but execution risk remains. Canaccord Genuity on CyberCab Production
    • Negative Sentiment: Tesla reported Q4 deliveries (~418k) down ~16% year‑over‑year and full‑year sales declined for a second consecutive year, missing already‑low Street expectations — the direct driver of today’s negative price reaction. Reuters: Tesla’s quarterly deliveries fall
    • Negative Sentiment: BYD overtook Tesla as the world’s top battery‑electric seller in 2025 — a strategic and competitive setback that raises pricing and market‑share concerns, especially in China and Europe. MarketWatch: BYD overtakes Tesla
    • Negative Sentiment: Regional weakness (sharp registration declines in parts of Europe) and the expiration of U.S. federal EV tax breaks were cited as reasons for demand softness — risks to near‑term volumes. Benzinga: Tesla’s European slump worsens
    • Negative Sentiment: Some broker moves trimmed targets/ratings (Truist trimmed price target to $439 and maintained a Hold; other houses remain cautious), adding pressure for disappointed near‑term returns. TickerReport: Truist lowers PT on Tesla

    About Tesla

    (Get Free Report)

    Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

    Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

    See Also

    Analyst Recommendations for Tesla (NASDAQ:TSLA)



    Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Zacks Research Upgrades Cummins (NYSE:CMI) to Strong-Buy

    [ad_1]

    Cummins (NYSE:CMI – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

    A number of other equities research analysts have also recently commented on CMI. Wall Street Zen raised shares of Cummins from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Wells Fargo & Company assumed coverage on Cummins in a research report on Thursday, November 13th. They set an “overweight” rating and a $599.00 price target for the company. Raymond James Financial upgraded Cummins from a “market perform” rating to an “outperform” rating and set a $585.00 price objective for the company in a research report on Monday, December 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $475.00 price objective on shares of Cummins in a research report on Friday, November 7th. Finally, Melius Research upgraded Cummins from a “hold” rating to a “buy” rating and set a $500.00 price target for the company in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $492.75.

    Read Our Latest Analysis on Cummins

    Cummins Stock Down 0.6%

    CMI stock opened at $510.66 on Tuesday. Cummins has a one year low of $260.02 and a one year high of $526.50. The company has a fifty day moving average of $483.44 and a 200-day moving average of $417.66. The stock has a market capitalization of $70.49 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.77.

    Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.76. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The firm had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $7.97 billion. During the same quarter in the prior year, the business posted $5.86 earnings per share. Cummins’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Cummins will post 22.54 EPS for the current year.

    Insider Activity

    In other news, CEO Jennifer Rumsey sold 4,570 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $473.89, for a total transaction of $2,165,677.30. Following the completion of the sale, the chief executive officer owned 42,880 shares of the company’s stock, valued at approximately $20,320,403.20. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brett Michael Merritt sold 1,450 shares of Cummins stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the sale, the insider owned 9,271 shares of the company’s stock, valued at approximately $4,536,485.72. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,330 shares of company stock worth $12,649,764. 0.41% of the stock is currently owned by insiders.

    Institutional Inflows and Outflows

    Institutional investors have recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new position in Cummins in the 3rd quarter worth approximately $28,000. Osterweis Capital Management Inc. bought a new position in shares of Cummins in the second quarter valued at approximately $31,000. Guerra Advisors Inc acquired a new position in shares of Cummins during the third quarter valued at approximately $36,000. Salomon & Ludwin LLC lifted its holdings in shares of Cummins by 1,333.3% in the third quarter. Salomon & Ludwin LLC now owns 86 shares of the company’s stock valued at $37,000 after buying an additional 80 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cummins during the third quarter worth about $37,000. 83.46% of the stock is currently owned by institutional investors.

    Cummins Company Profile

    (Get Free Report)

    Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

    The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.

    See Also

    Analyst Recommendations for Cummins (NYSE:CMI)



    Receive News & Ratings for Cummins Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cummins and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Dynamic Advisor Solutions LLC Grows Stock Holdings in Tesla, Inc. $TSLA

    [ad_1]

    Dynamic Advisor Solutions LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 90,247 shares of the electric vehicle producer’s stock after purchasing an additional 1,820 shares during the quarter. Tesla comprises about 1.2% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 12th biggest position. Dynamic Advisor Solutions LLC’s holdings in Tesla were worth $40,135,000 as of its most recent filing with the Securities & Exchange Commission.

    A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Tesla in the second quarter worth $11,839,824,000. Kingstone Capital Partners Texas LLC boosted its position in Tesla by 581,880.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares during the last quarter. Vanguard Group Inc. boosted its position in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Amundi grew its stake in shares of Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Tesla during the 1st quarter valued at about $469,339,000. Institutional investors own 66.20% of the company’s stock.

    Analyst Upgrades and Downgrades

    TSLA has been the topic of a number of research reports. President Capital raised their price objective on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BNP Paribas Exane started coverage on shares of Tesla in a research report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. Roth Capital set a $505.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Cantor Fitzgerald set a $510.00 target price on Tesla and gave the company an “overweight” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $404.14.

    Get Our Latest Analysis on TSLA

    Insider Buying and Selling

    In related news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by insiders.

    Tesla Stock Down 0.4%

    TSLA opened at $481.20 on Friday. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 320.80, a price-to-earnings-growth ratio of 12.08 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm’s fifty day moving average is $439.98 and its 200 day moving average is $380.55. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $495.28.

    Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

    Key Headlines Impacting Tesla

    Here are the key news stories impacting Tesla this week:

    • Positive Sentiment: Analysts are lifting targets and reiterating bullish views, providing near‑term support for the rally — Deutsche Bank bumped its target to $500 and other firms (Mizuho, CICC, Truist) have issued bullish notes. Article
    • Positive Sentiment: Tesla committed ~$1.2B to battery cell production in Germany (8 GWh target from 2027), a strategic capex that supports localization, margin improvement and long‑term EV supply. Article
    • Positive Sentiment: Robotaxi and Cybercab testing appears to be accelerating (production‑ready units seen in streets), keeping momentum behind Tesla’s high‑value autonomy thesis that investors are pricing in. Article
    • Positive Sentiment: Tesla avoided a potential ~€11M fine in Italy over range claims, removing a modest legal overhang. Article
    • Neutral Sentiment: The Delaware Supreme Court reinstated Musk’s 2018 pay package, ending a years‑long legal dispute and removing uncertainty — but the scale of the award (now valued far higher) raises governance and dilution debates. Article
    • Neutral Sentiment: Large institutional repositioning: ARK/active managers have trimmed holdings recently (profit‑taking), which can amplify intraday volatility but doesn’t necessarily change the structural bull case. Article
    • Negative Sentiment: Regulatory and safety pressure persists: California actions on Autopilot/FSD marketing, a proposed federal/state focus on autonomy rules, and consumer safety complaints (e.g., door‑handle issues) keep legal/regulatory risk elevated. Article
    • Negative Sentiment: Core EV metrics remain mixed: U.S. vehicle sales have softened and operating expenses have risen as Tesla spends on autonomy/robotics — analysts warn near‑term margins and volumes could pressure sentiment if growth stalls. Article

    About Tesla

    (Free Report)

    Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

    Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

    Read More

    Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).

    Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)



    Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Oshkosh Corporation $OSK Shares Sold by Truist Financial Corp

    [ad_1]

    Truist Financial Corp lessened its position in Oshkosh Corporation (NYSE:OSK – Free Report) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,688 shares of the company’s stock after selling 455 shares during the period. Truist Financial Corp’s holdings in Oshkosh were worth $2,122,000 at the end of the most recent reporting period.

    Several other hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of Oshkosh in the 2nd quarter worth $276,000. Paragon Capital Management Ltd acquired a new stake in shares of Oshkosh in the 2nd quarter worth $248,000. State of Alaska Department of Revenue lifted its stake in shares of Oshkosh by 136.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 51,230 shares of the company’s stock worth $5,815,000 after acquiring an additional 29,605 shares during the period. Register Financial Advisors LLC lifted its stake in shares of Oshkosh by 7.8% in the 2nd quarter. Register Financial Advisors LLC now owns 4,309 shares of the company’s stock worth $489,000 after acquiring an additional 311 shares during the period. Finally, Ruffer LLP lifted its stake in shares of Oshkosh by 1,164.4% in the 2nd quarter. Ruffer LLP now owns 34,886 shares of the company’s stock worth $3,961,000 after acquiring an additional 32,127 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

    Wall Street Analysts Forecast Growth

    Several analysts have recently commented on OSK shares. Zacks Research cut shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. Citigroup raised their price objective on shares of Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson set a $160.00 price objective on shares of Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, KeyCorp raised their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.25.

    Check Out Our Latest Stock Analysis on Oshkosh

    Insider Transactions at Oshkosh

    In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

    Oshkosh Stock Performance

    NYSE:OSK opened at $124.21 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $135.80 and a two-hundred day moving average price of $114.92. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a market capitalization of $7.95 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47.

    Oshkosh (NYSE:OSK – Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the firm posted $3.34 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

    Oshkosh Dividend Announcement

    The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s payout ratio is 20.48%.

    About Oshkosh

    (Free Report)

    Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.

    See Also

    Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK – Free Report).

    Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)



    Receive News & Ratings for Oshkosh Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oshkosh and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Ford Motor (NYSE:F) Shares Sold by Highland Capital Management LLC

    Ford Motor (NYSE:F) Shares Sold by Highland Capital Management LLC

    [ad_1]


    Highland Capital Management LLC trimmed its position in shares of Ford Motor (NYSE:F – Free Report) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,461 shares of the auto manufacturer’s stock after selling 925 shares during the period. Highland Capital Management LLC’s holdings in Ford Motor were worth $227,000 at the end of the most recent reporting period.

    A number of other large investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in Ford Motor during the 2nd quarter valued at $25,000. Family Firm Inc. bought a new position in Ford Motor during the 2nd quarter valued at $26,000. Quarry LP bought a new position in Ford Motor during the 2nd quarter valued at $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor in the 2nd quarter worth about $28,000. Finally, Kimelman & Baird LLC bought a new position in shares of Ford Motor in the 2nd quarter worth about $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    A number of research analysts have recently issued reports on F shares. Royal Bank of Canada reduced their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays reduced their price target on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.56.

    Check Out Our Latest Analysis on Ford Motor

    Ford Motor Stock Down 1.5 %

    Ford Motor stock opened at $11.07 on Monday. The stock has a market cap of $44.20 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.58 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The company’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $11.68. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

    About Ford Motor

    (Free Report)

    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.

    Featured Stories

    Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F – Free Report).

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



    Receive News & Ratings for Ford Motor Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ford Motor and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • BRP (DOOO) Scheduled to Post Quarterly Earnings on Friday

    BRP (DOOO) Scheduled to Post Quarterly Earnings on Friday

    [ad_1]

    BRP (NASDAQ:DOOO – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Friday, September 6th. Analysts expect BRP to post earnings of $0.22 per share for the quarter.

    BRP Price Performance

    Shares of NASDAQ DOOO opened at $69.54 on Wednesday. The stock has a market cap of $5.16 billion, a PE ratio of 12.58 and a beta of 2.06. BRP has a fifty-two week low of $57.15 and a fifty-two week high of $79.84. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.46 and a current ratio of 1.35. The stock has a fifty day moving average of $68.02 and a 200-day moving average of $67.04.

    Analyst Upgrades and Downgrades

    Several equities research analysts have issued reports on DOOO shares. Citigroup lifted their price target on BRP from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. CIBC dropped their price target on BRP from $110.00 to $100.00 and set an “outperformer” rating on the stock in a research report on Monday, June 3rd. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus cut BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.75.

    Get Our Latest Report on BRP

    BRP Company Profile

    (Get Free Report)

    BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

    Featured Articles

    Earnings History for BRP (NASDAQ:DOOO)

    Receive News & Ratings for BRP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BRP and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Hsbc Holdings PLC Has $3.50 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

    Hsbc Holdings PLC Has $3.50 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

    [ad_1]

    Hsbc Holdings PLC cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,356 shares of the auto parts company’s stock after selling 254 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Allison Transmission worth $3,501,000 at the end of the most recent reporting period.

    A number of other large investors also recently modified their holdings of ALSN. AMI Investment Management Inc. boosted its holdings in shares of Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock valued at $3,816,000 after buying an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. raised its position in Allison Transmission by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after acquiring an additional 16,209 shares in the last quarter. Raymond James & Associates lifted its stake in Allison Transmission by 267.3% in the first quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock valued at $1,323,000 after acquiring an additional 24,534 shares during the last quarter. Citigroup Inc. grew its position in shares of Allison Transmission by 1.5% in the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock valued at $2,938,000 after acquiring an additional 1,127 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Allison Transmission by 31.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 3,142 shares during the last quarter. 96.57% of the stock is currently owned by institutional investors and hedge funds.

    Allison Transmission Stock Up 0.3 %

    ALSN opened at $75.58 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock has a fifty day moving average of $61.85 and a 200-day moving average of $58.69. Allison Transmission Holdings, Inc. has a fifty-two week low of $41.61 and a fifty-two week high of $76.43. The company has a market capitalization of $6.59 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.40 and a beta of 0.97.

    Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 7.64 EPS for the current year.

    Allison Transmission Increases Dividend

    The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, March 1st. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio (DPR) is 12.37%.

    Insider Buying and Selling at Allison Transmission

    In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Niekerk Teresa Van sold 6,241 shares of Allison Transmission stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the transaction, the vice president now directly owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. Insiders sold 85,245 shares of company stock valued at $6,048,673 in the last three months. Corporate insiders own 1.10% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of equities analysts recently commented on ALSN shares. Robert W. Baird lifted their price target on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. The Goldman Sachs Group boosted their target price on Allison Transmission from $48.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday, February 15th. Morgan Stanley assumed coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target for the company. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.00.

    View Our Latest Research Report on ALSN

    About Allison Transmission

    (Free Report)

    Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

    See Also

    Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

    Receive News & Ratings for Allison Transmission Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Allison Transmission and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Amalgamated Bank Boosts Position in Genuine Parts (NYSE:GPC)

    Amalgamated Bank Boosts Position in Genuine Parts (NYSE:GPC)

    [ad_1]

    Amalgamated Bank grew its stake in shares of Genuine Parts (NYSE:GPC – Free Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,734 shares of the specialty retailer’s stock after purchasing an additional 4,047 shares during the quarter. Amalgamated Bank’s holdings in Genuine Parts were worth $6,026,000 at the end of the most recent quarter.

    Several other hedge funds also recently made changes to their positions in GPC. Vanguard Group Inc. grew its holdings in Genuine Parts by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s stock worth $2,153,442,000 after acquiring an additional 481,039 shares during the last quarter. State Street Corp raised its position in Genuine Parts by 2.2% during the 2nd quarter. State Street Corp now owns 7,344,846 shares of the specialty retailer’s stock valued at $1,249,779,000 after purchasing an additional 155,203 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Genuine Parts by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,860,574 shares of the specialty retailer’s stock valued at $612,531,000 after purchasing an additional 185,529 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Genuine Parts by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,032,717 shares of the specialty retailer’s stock worth $511,903,000 after buying an additional 55,046 shares during the period. Finally, Imprint Wealth LLC grew its position in shares of Genuine Parts by 16,507.5% in the 2nd quarter. Imprint Wealth LLC now owns 2,611,194 shares of the specialty retailer’s stock worth $261,119,000 after buying an additional 2,595,471 shares during the last quarter. 77.51% of the stock is owned by hedge funds and other institutional investors.

    Genuine Parts Stock Performance

    Shares of Genuine Parts stock opened at $141.35 on Wednesday. Genuine Parts has a 1 year low of $126.35 and a 1 year high of $181.37. The firm’s 50-day moving average is $138.60 and its 200 day moving average is $143.13. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.16 and a quick ratio of 0.58.

    Genuine Parts Dividend Announcement

    The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were paid a $0.95 dividend. The ex-dividend date was Thursday, November 30th. This represents a $3.80 annualized dividend and a dividend yield of 2.69%. Genuine Parts’s dividend payout ratio is presently 42.99%.

    Wall Street Analysts Forecast Growth

    A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Genuine Parts from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. The Goldman Sachs Group cut their target price on shares of Genuine Parts from $178.00 to $152.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Wedbush decreased their price target on shares of Genuine Parts from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. UBS Group began coverage on Genuine Parts in a research report on Thursday, October 12th. They set a “neutral” rating and a $160.00 price objective on the stock. Finally, Truist Financial lowered their target price on Genuine Parts from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.11.

    Check Out Our Latest Stock Analysis on Genuine Parts

    Genuine Parts Company Profile

    (Free Report)

    Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

    Featured Stories

    Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts (NYSE:GPC – Free Report).

    Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

    Receive News & Ratings for Genuine Parts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Genuine Parts and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • LPL Financial LLC Buys 7,120 Shares of LKQ Co. (NASDAQ:LKQ)

    LPL Financial LLC Buys 7,120 Shares of LKQ Co. (NASDAQ:LKQ)

    [ad_1]

    LPL Financial LLC lifted its stake in shares of LKQ Co. (NASDAQ:LKQ – Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,212 shares of the auto parts company’s stock after buying an additional 7,120 shares during the quarter. LPL Financial LLC’s holdings in LKQ were worth $3,361,000 as of its most recent SEC filing.

    Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in LKQ by 27.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 36,922 shares of the auto parts company’s stock valued at $1,677,000 after buying an additional 8,002 shares in the last quarter. MetLife Investment Management LLC increased its position in LKQ by 23.3% during the first quarter. MetLife Investment Management LLC now owns 73,041 shares of the auto parts company’s stock worth $3,317,000 after acquiring an additional 13,792 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in LKQ by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,882 shares of the auto parts company’s stock worth $1,629,000 after purchasing an additional 2,222 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of LKQ by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 44,028 shares of the auto parts company’s stock worth $1,999,000 after purchasing an additional 520 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of LKQ by 25.0% during the first quarter. Raymond James Trust N.A. now owns 12,163 shares of the auto parts company’s stock worth $553,000 after purchasing an additional 2,429 shares during the period. Institutional investors own 93.67% of the company’s stock.

    LKQ Trading Up 0.6 %

    Shares of LKQ stock opened at $52.87 on Tuesday. LKQ Co. has a fifty-two week low of $46.20 and a fifty-two week high of $59.38. The stock’s fifty day moving average price is $55.24 and its two-hundred day moving average price is $55.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 2.03. The company has a market cap of $14.15 billion, a PE ratio of 14.17 and a beta of 1.35.

    LKQ (NASDAQ:LKQ – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.46 billion. LKQ had a return on equity of 18.65% and a net margin of 7.80%. LKQ’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. Equities analysts predict that LKQ Co. will post 4 EPS for the current fiscal year.

    LKQ Announces Dividend

    The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, August 16th. LKQ’s dividend payout ratio is 29.49%.

    Insider Activity at LKQ

    In related news, Director Meg Divitto sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $54.16, for a total transaction of $124,568.00. Following the sale, the director now owns 15,607 shares of the company’s stock, valued at approximately $845,275.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

    Analyst Ratings Changes

    A number of equities analysts have commented on LKQ shares. Robert W. Baird restated an “outperform” rating and set a $65.00 price objective on shares of LKQ in a research note on Monday, August 28th. StockNews.com downgraded LKQ from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

    View Our Latest Analysis on LKQ

    About LKQ

    (Free Report)

    LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

    See Also

    Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQ – Free Report).

    Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

    Receive News & Ratings for LKQ Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LKQ and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Genuine Parts (NYSE:GPC) Announces Earnings Results

    Genuine Parts (NYSE:GPC) Announces Earnings Results

    [ad_1]

    Genuine Parts (NYSE:GPC – Get Free Report) issued its earnings results on Thursday. The specialty retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.10, MarketWatch Earnings reports. Genuine Parts had a return on equity of 32.43% and a net margin of 5.30%. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Genuine Parts updated its FY 2023 guidance to $9.15-$9.30 EPS and its FY23 guidance to $9.15-9.30 EPS.

    Genuine Parts Stock Up 0.7 %

    Shares of GPC opened at $156.31 on Friday. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.58 and a current ratio of 1.15. The business’s fifty day moving average price is $161.51 and its two-hundred day moving average price is $166.00. Genuine Parts has a 52 week low of $141.90 and a 52 week high of $187.73.

    Genuine Parts Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 2nd were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $3.80 dividend on an annualized basis and a yield of 2.43%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.44%.

    Insider Buying and Selling at Genuine Parts

    In other news, insider Randall P. Breaux acquired 500 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were purchased at an average cost of $149.44 per share, for a total transaction of $74,720.00. Following the transaction, the insider now owns 20,523 shares of the company’s stock, valued at $3,066,957.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

    Institutional Inflows and Outflows

    A number of large investors have recently made changes to their positions in GPC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Genuine Parts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,056 shares of the specialty retailer’s stock worth $2,401,000 after buying an additional 1,180 shares during the period. Cibc World Market Inc. grew its holdings in shares of Genuine Parts by 14.8% in the 1st quarter. Cibc World Market Inc. now owns 2,740 shares of the specialty retailer’s stock valued at $345,000 after acquiring an additional 354 shares in the last quarter. Sei Investments Co. grew its holdings in Genuine Parts by 9.4% during the first quarter. Sei Investments Co. now owns 50,928 shares of the specialty retailer’s stock worth $6,448,000 after purchasing an additional 4,372 shares during the period. Aviva PLC grew its holdings in Genuine Parts by 63.1% during the first quarter. Aviva PLC now owns 78,951 shares of the specialty retailer’s stock worth $9,949,000 after purchasing an additional 30,545 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Genuine Parts by 195.1% during the first quarter. Allianz Asset Management GmbH now owns 114,328 shares of the specialty retailer’s stock worth $14,408,000 after purchasing an additional 75,591 shares during the period. Institutional investors and hedge funds own 80.67% of the company’s stock.

    Wall Street Analysts Forecast Growth

    GPC has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and boosted their target price for the company from $163.00 to $164.00 in a research note on Monday, May 1st. They noted that the move was a valuation call. Northcoast Research began coverage on Genuine Parts in a research report on Wednesday, June 28th. They set a “buy” rating and a $195.00 price objective for the company. Truist Financial cut their price target on Genuine Parts from $195.00 to $191.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their price target on Genuine Parts from $190.00 to $184.00 and set an “overweight” rating for the company in a report on Friday. Finally, Evercore ISI lowered their price objective on Genuine Parts from $170.00 to $165.00 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.00.

    Genuine Parts Company Profile

    (Get Free Report)

    Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

    See Also

    Earnings History for Genuine Parts (NYSE:GPC)

    Receive News & Ratings for Genuine Parts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Genuine Parts and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Tesla, Inc. (NASDAQ:TSLA) Position Raised by McGlone Suttner Wealth Management Inc.

    Tesla, Inc. (NASDAQ:TSLA) Position Raised by McGlone Suttner Wealth Management Inc.

    [ad_1]

    McGlone Suttner Wealth Management Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,783 shares of the electric vehicle producer’s stock after buying an additional 212 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Tesla were worth $992,000 as of its most recent SEC filing.

    Other hedge funds also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. grew its holdings in Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares during the period. Linscomb & Williams Inc. increased its stake in Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after purchasing an additional 42 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Tesla by 22.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock worth $283,000 after purchasing an additional 48 shares in the last quarter. Manchester Financial Inc. increased its stake in Tesla by 1.2% in the 4th quarter. Manchester Financial Inc. now owns 4,441 shares of the electric vehicle producer’s stock worth $547,000 after purchasing an additional 51 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in Tesla by 1.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 3,176 shares of the electric vehicle producer’s stock worth $391,000 after purchasing an additional 55 shares in the last quarter. 43.51% of the stock is currently owned by institutional investors.

    Insider Activity

    In other news, CAO Vaibhav Taneja sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $250.04, for a total transaction of $3,000,480.00. Following the sale, the chief accounting officer now directly owns 104,504 shares in the company, valued at $26,130,180.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,750 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $197.31, for a total value of $739,912.50. Following the sale, the chief financial officer now directly owns 199,323 shares in the company, valued at $39,328,421.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Vaibhav Taneja sold 12,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $250.04, for a total value of $3,000,480.00. Following the completion of the sale, the chief accounting officer now owns 104,504 shares in the company, valued at $26,130,180.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,730 shares of company stock worth $13,035,772. Company insiders own 20.90% of the company’s stock.

    Wall Street Analysts Forecast Growth

    TSLA has been the topic of a number of analyst reports. Mizuho dropped their price target on Tesla from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. Wells Fargo & Company dropped their price target on Tesla from $190.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 20th. Tudor, Pickering, Holt & Co. cut Tesla from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Barclays cut Tesla from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $220.00 to $260.00 in a research note on Wednesday, June 21st. Finally, JPMorgan Chase & Co. lowered their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, April 20th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.95.

    Tesla Stock Up 1.7 %

    Shares of TSLA stock opened at $261.77 on Monday. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $314.67. The firm has a market cap of $829.68 billion, a PE ratio of 76.99, a price-to-earnings-growth ratio of 3.65 and a beta of 2.04. The stock has a 50 day moving average of $205.81 and a 200-day moving average of $182.24. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

    Tesla (NASDAQ:TSLA – Free Report) last released its quarterly earnings data on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $23.33 billion for the quarter, compared to analysts’ expectations of $23.36 billion. Tesla had a return on equity of 27.29% and a net margin of 13.66%. Tesla’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.91 EPS for the current year.

    About Tesla

    (Free Report)

    Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services.

    Featured Stories

    Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).

    Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

    Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Northwest Investment Counselors LLC Acquires 203 Shares of Tesla, Inc. (NASDAQ:TSLA)

    Northwest Investment Counselors LLC Acquires 203 Shares of Tesla, Inc. (NASDAQ:TSLA)

    [ad_1]

    Northwest Investment Counselors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 55.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 569 shares of the electric vehicle producer’s stock after buying an additional 203 shares during the period. Northwest Investment Counselors LLC’s holdings in Tesla were worth $118,000 at the end of the most recent quarter.

    Several other institutional investors have also recently made changes to their positions in the company. MidWestOne Financial Group Inc. increased its stake in shares of Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after buying an additional 15 shares during the period. Linscomb & Williams Inc. grew its stake in Tesla by 3.5% in the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock valued at $1,329,000 after purchasing an additional 42 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Tesla by 22.3% in the first quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock valued at $283,000 after purchasing an additional 48 shares during the last quarter. Manchester Financial Inc. grew its stake in Tesla by 1.2% in the fourth quarter. Manchester Financial Inc. now owns 4,441 shares of the electric vehicle producer’s stock valued at $547,000 after purchasing an additional 51 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. grew its stake in Tesla by 1.8% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 3,176 shares of the electric vehicle producer’s stock valued at $391,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 43.51% of the company’s stock.

    Insider Activity at Tesla

    In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $152.44, for a total value of $1,600,620.00. Following the completion of the transaction, the senior vice president now directly owns 65,547 shares of the company’s stock, valued at approximately $9,991,984.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $152.44, for a total value of $1,600,620.00. Following the completion of the transaction, the senior vice president now directly owns 65,547 shares of the company’s stock, valued at approximately $9,991,984.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Kirkhorn sold 3,751 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $162.70, for a total value of $610,287.70. Following the completion of the transaction, the chief financial officer now directly owns 195,572 shares of the company’s stock, valued at $31,819,564.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,230 shares of company stock valued at $30,055,907. 20.90% of the stock is owned by insiders.

    Wall Street Analysts Forecast Growth

    Several equities analysts have issued reports on TSLA shares. Wells Fargo & Company cut their target price on Tesla from $190.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 20th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, March 2nd. Wolfe Research lowered Tesla from an “outperform” rating to a “peer perform” rating in a research note on Monday, March 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Tesla from $200.00 to $230.00 in a research note on Monday. Finally, Mizuho dropped their price target on Tesla from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.01.

    Tesla Trading Down 6.1 %

    Shares of NASDAQ:TSLA opened at $241.05 on Tuesday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $314.67. The firm has a market capitalization of $764.01 billion, a price-to-earnings ratio of 70.90, a price-to-earnings-growth ratio of 3.44 and a beta of 2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.04. The business’s 50 day moving average price is $199.16 and its 200-day moving average price is $179.69.

    Tesla (NASDAQ:TSLA – Get Rating) last announced its earnings results on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Tesla had a return on equity of 27.29% and a net margin of 13.66%. The firm had revenue of $23.33 billion for the quarter, compared to analyst estimates of $23.36 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was up 24.4% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 3.03 earnings per share for the current fiscal year.

    Tesla Profile

    (Get Rating)

    Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services.

    Recommended Stories

    Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Get Rating).

    Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

    Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Solid Power (SLDP) vs. Its Rivals Head to Head Comparison

    Solid Power (SLDP) vs. Its Rivals Head to Head Comparison

    [ad_1]

    Solid Power (NASDAQ:SLDP – Get Rating) is one of 60 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it weigh in compared to its peers? We will compare Solid Power to related companies based on the strength of its dividends, valuation, analyst recommendations, earnings, institutional ownership, risk and profitability.

    Profitability

    This table compares Solid Power and its peers’ net margins, return on equity and return on assets.

    Net Margins Return on Equity Return on Assets
    Solid Power -81.05% -1.72% -1.58%
    Solid Power Competitors -85.53% -121.73% -19.04%

    Volatility and Risk

    Solid Power has a beta of 1.64, suggesting that its share price is 64% more volatile than the S&P 500. Comparatively, Solid Power’s peers have a beta of 0.60, suggesting that their average share price is 40% less volatile than the S&P 500.

    Insider and Institutional Ownership

    34.0% of Solid Power shares are owned by institutional investors. Comparatively, 42.2% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 11.3% of Solid Power shares are owned by company insiders. Comparatively, 14.1% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

    Earnings and Valuation

    This table compares Solid Power and its peers top-line revenue, earnings per share and valuation.

    Gross Revenue Net Income Price/Earnings Ratio
    Solid Power $11.79 million -$9.56 million -57.19
    Solid Power Competitors $684.44 million $10.30 million 4.55

    Solid Power’s peers have higher revenue and earnings than Solid Power. Solid Power is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

    Analyst Recommendations

    This is a summary of current recommendations for Solid Power and its peers, as provided by MarketBeat.

    Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
    Solid Power 0 5 2 0 2.29
    Solid Power Competitors 69 458 983 50 2.65

    Solid Power currently has a consensus price target of $5.30, indicating a potential upside of 85.31%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 43.10%. Given Solid Power’s higher probable upside, equities research analysts plainly believe Solid Power is more favorable than its peers.

    Summary

    Solid Power peers beat Solid Power on 8 of the 13 factors compared.

    About Solid Power

    (Get Rating)

    Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.

    Receive News & Ratings for Solid Power Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Solid Power and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • Carret Asset Management LLC Has $1.21 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

    Carret Asset Management LLC Has $1.21 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

    [ad_1]

    Carret Asset Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 209.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,578 shares of the electric vehicle producer’s stock after purchasing an additional 3,099 shares during the quarter. Carret Asset Management LLC’s holdings in Tesla were worth $1,214,000 at the end of the most recent reporting period.

    Other institutional investors also recently modified their holdings of the company. Axiom Financial Strategies LLC raised its position in Tesla by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after buying an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC grew its stake in Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the period. Aaron Wealth Advisors LLC grew its stake in Tesla by 116,334.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 752,164 shares of the electric vehicle producer’s stock valued at $698,000 after purchasing an additional 751,518 shares during the period. Finally, Keebeck Alpha LP bought a new position in Tesla in the 1st quarter valued at $279,000. 43.01% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analyst Weigh In

    TSLA has been the subject of a number of recent analyst reports. TheStreet downgraded Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Loop Capital increased their price target on Tesla to $33.33 in a research note on Monday, August 22nd. Wells Fargo & Company cut their price target on Tesla from $280.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Daiwa Capital Markets cut their price target on Tesla to $240.00 in a research note on Thursday, October 27th. Finally, Cowen cut their price target on Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 20th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $264.91.

    Insider Transactions at Tesla

    In other news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at approximately $11,442,600.13. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $11,442,600.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the sale, the chief executive officer now owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,831 shares of company stock worth $4,494,844,908. 25.10% of the stock is currently owned by insiders.

    Tesla Price Performance

    Shares of TSLA stock opened at $157.67 on Friday. The firm has a market cap of $497.88 billion, a P/E ratio of 48.71, a P/E/G ratio of 1.58 and a beta of 1.91. Tesla, Inc. has a fifty-two week low of $153.28 and a fifty-two week high of $402.67. The business’s 50 day moving average price is $197.00 and its 200-day moving average price is $241.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

    Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion for the quarter, compared to analyst estimates of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The business’s quarterly revenue was up 55.9% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 3.61 earnings per share for the current year.

    Tesla Profile

    (Get Rating)

    Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

    Featured Articles

    Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

    Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link