Federated Hermes Inc. Sells 36,167 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Federated Hermes Inc. reduced its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 4.6% during the fourth quarter, Holdings Channel reports. The fund owned 752,460 shares of the company’s stock after selling 36,167 shares during the period. Federated Hermes Inc.’s holdings in Full Truck Alliance were worth $5,275,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Full Truck Alliance by 25.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock valued at $190,000 after purchasing an additional 5,484 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Full Truck Alliance by 216.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after purchasing an additional 39,302 shares during the period. Bank of New York Mellon Corp lifted its position in Full Truck Alliance by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock valued at $604,000 after purchasing an additional 2,786 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Full Truck Alliance by 146.8% during the third quarter. Deutsche Bank AG now owns 109,398 shares of the company’s stock valued at $770,000 after purchasing an additional 65,076 shares during the period. Finally, Quaero Capital S.A. bought a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $1,107,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Up 0.6 %

Shares of NYSE YMM opened at $8.38 on Friday. The firm’s fifty day moving average is $7.21 and its 200 day moving average is $6.98. Full Truck Alliance Co. Ltd. has a 52 week low of $5.41 and a 52 week high of $8.54.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $339.15 million for the quarter, compared to analysts’ expectations of $322.13 million. Full Truck Alliance had a net margin of 26.19% and a return on equity of 6.69%. Equities research analysts expect that Full Truck Alliance Co. Ltd. will post 0.39 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.144 per share. This represents a yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 4th. Full Truck Alliance’s payout ratio is 43.33%.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.