Bank of New York Mellon Corp boosted its position in shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 107,142 shares of the company’s stock after buying an additional 7 shares during the period. Bank of New York Mellon Corp owned 0.06% of Federal-Mogul Holdings Corp. worth $891,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Strs Ohio raised its stake in shares of Federal-Mogul Holdings Corp. by 115.2% in the second quarter. Strs Ohio now owns 74,900 shares of the company’s stock worth $622,000 after buying an additional 40,100 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Federal-Mogul Holdings Corp. during the first quarter worth $110,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Federal-Mogul Holdings Corp. during the first quarter worth $1,227,000. Finally, Spark Investment Management LLC raised its stake in shares of Federal-Mogul Holdings Corp. by 3.5% in the first quarter. Spark Investment Management LLC now owns 161,300 shares of the company’s stock worth $1,593,000 after buying an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 98.29% of the company’s stock.
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) traded down 0.21% on Monday, reaching $9.41. 12,403 shares of the company’s stock traded hands. The stock’s market capitalization is $1.59 billion. Federal-Mogul Holdings Corp. has a 52 week low of $3.81 and a 52 week high of $10.00. The company has a 50 day moving average of $9.45 and a 200-day moving average of $8.99.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. Federal-Mogul Holdings Corp. had a positive return on equity of 15.64% and a negative net margin of 0.74%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Federal-Mogul Holdings Corp.’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Federal-Mogul Holdings Corp. will post $1.00 earnings per share for the current year.
FDML has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. FBR & Co lifted their price target on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, June 21st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Federal-Mogul Holdings Corp. has a consensus rating of “Hold” and an average target price of $9.92.
About Federal-Mogul Holdings Corp.
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
Want to see what other hedge funds are holding FDML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal-Mogul Holdings Corp. (NASDAQ:FDML).
Receive News & Ratings for Federal-Mogul Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal-Mogul Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.