Northern Trust Corp Purchases 22,932 Shares of Holley Inc. (NYSE:HLLY)

Northern Trust Corp grew its stake in Holley Inc. (NYSE:HLLY) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,282 shares of the company’s stock after purchasing an additional 22,932 shares during the period. Northern Trust Corp owned approximately 0.38% of Holley worth $1,357,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Blue Owl Capital Holdings LP increased its holdings in shares of Holley by 17.3% in the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company’s stock valued at $9,031,000 after acquiring an additional 440,040 shares during the period. Boston Partners purchased a new position in shares of Holley in the 4th quarter valued at $4,746,000. Skylands Capital LLC increased its holdings in shares of Holley by 4.3% in the 4th quarter. Skylands Capital LLC now owns 1,193,983 shares of the company’s stock valued at $3,606,000 after acquiring an additional 49,383 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Holley by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company’s stock worth $3,564,000 after purchasing an additional 104,071 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Holley by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,159,335 shares of the company’s stock worth $3,502,000 after purchasing an additional 21,524 shares in the last quarter. 39.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLLY has been the subject of a number of recent analyst reports. Benchmark cut Holley from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Friday, May 9th. Telsey Advisory Group decreased their price objective on Holley from $4.50 to $2.75 and set an “outperform” rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group decreased their price objective on Holley from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Raymond James boosted their price objective on Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, March 12th. Finally, Truist Financial cut their price objective on Holley from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Holley currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.85.

Holley Price Performance

HLLY stock opened at $2.07 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. Holley Inc. has a 1 year low of $1.60 and a 1 year high of $4.08. The firm has a market capitalization of $247.72 million, a P/E ratio of 15.88 and a beta of 1.43. The business’s 50-day moving average is $2.23 and its two-hundred day moving average is $2.63.

Holley (NYSE:HLLY) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $153.04 million for the quarter, compared to analysts’ expectations of $148.52 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. Analysts anticipate that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Holley Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.