Tata Motors Limited (NYSE:TTM) Holdings Lowered by Northern Trust Corp

Northern Trust Corp lessened its holdings in shares of Tata Motors Limited (NYSE:TTM) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 459,992 shares of the company’s stock after selling 70,415 shares during the quarter. Northern Trust Corp owned approximately 0.07% of Tata Motors worth $5,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Macquarie Group Ltd. boosted its stake in shares of Tata Motors by 325.4% in the third quarter. Macquarie Group Ltd. now owns 1,308,214 shares of the company’s stock valued at $20,094,000 after buying an additional 1,000,700 shares during the period. Marshall Wace LLP bought a new stake in Tata Motors during the third quarter worth $11,481,000. BlackRock Inc. lifted its stake in Tata Motors by 10.7% during the third quarter. BlackRock Inc. now owns 3,013,445 shares of the company’s stock worth $46,287,000 after purchasing an additional 291,506 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tata Motors by 40.9% during the third quarter. Dimensional Fund Advisors LP now owns 922,925 shares of the company’s stock worth $14,197,000 after purchasing an additional 267,851 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in Tata Motors by 24.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 479,260 shares of the company’s stock worth $5,837,000 after purchasing an additional 95,128 shares during the last quarter. 7.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TTM traded up $0.16 on Friday, reaching $13.52. The company had a trading volume of 1,472,536 shares, compared to its average volume of 1,479,906. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 5.75, a PEG ratio of -2.91 and a beta of 1.61. Tata Motors Limited has a fifty-two week low of $10.29 and a fifty-two week high of $24.57. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

Tata Motors (NYSE:TTM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.31). Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%. The company had revenue of $10.91 billion during the quarter, compared to analyst estimates of $11.03 billion. Research analysts expect that Tata Motors Limited will post 0.37 earnings per share for the current fiscal year.

A number of brokerages have recently commented on TTM. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, April 13th. Deutsche Bank reiterated a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. Nomura reiterated a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Finally, Bank of America cut Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Tata Motors currently has an average rating of “Hold” and a consensus target price of $17.00.

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Tata Motors Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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