FIL Ltd decreased its position in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,935 shares of the company’s stock after selling 81,913 shares during the quarter. FIL Ltd’s holdings in Fiat Chrysler Automobiles were worth $8,053,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc raised its holdings in shares of Fiat Chrysler Automobiles by 2.1% during the third quarter. Vanguard Group Inc now owns 31,221,379 shares of the company’s stock worth $546,687,000 after acquiring an additional 654,779 shares during the period. SG Americas Securities LLC grew its position in Fiat Chrysler Automobiles by 122.0% in the fourth quarter. SG Americas Securities LLC now owns 109,225 shares of the company’s stock valued at $1,579,000 after purchasing an additional 60,014 shares in the last quarter. Parallel Advisors LLC grew its position in Fiat Chrysler Automobiles by 69.8% in the fourth quarter. Parallel Advisors LLC now owns 6,326 shares of the company’s stock valued at $91,000 after purchasing an additional 2,601 shares in the last quarter. Cigna Investments Inc. New grew its position in Fiat Chrysler Automobiles by 8.1% in the fourth quarter. Cigna Investments Inc. New now owns 15,646 shares of the company’s stock valued at $227,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Comerica Bank grew its position in Fiat Chrysler Automobiles by 1.2% in the fourth quarter. Comerica Bank now owns 90,528 shares of the company’s stock valued at $1,510,000 after purchasing an additional 1,088 shares in the last quarter. Hedge funds and other institutional investors own 26.45% of the company’s stock.
FCAU has been the subject of a number of analyst reports. UBS Group downgraded shares of Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. ValuEngine raised shares of Fiat Chrysler Automobiles from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Evercore ISI raised shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a research report on Tuesday, May 28th. Jefferies Financial Group downgraded shares of Fiat Chrysler Automobiles to a “hold” rating in a research report on Tuesday, April 2nd. Finally, Bank of America set a $20.00 target price on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Fiat Chrysler Automobiles currently has a consensus rating of “Hold” and an average price target of $18.31.
Shares of FCAU opened at $13.31 on Thursday. Fiat Chrysler Automobiles NV has a one year low of $12.58 and a one year high of $21.46. The stock has a market capitalization of $26.51 billion, a PE ratio of 3.52, a PEG ratio of 1.69 and a beta of 1.77. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.37.
Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Fiat Chrysler Automobiles had a net margin of 2.85% and a return on equity of 18.57%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $25.70 billion. During the same period last year, the business earned $0.66 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Fiat Chrysler Automobiles NV will post 2.87 earnings per share for the current fiscal year.
The company also recently disclosed an annual dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a $1.30 dividend. This represents a dividend yield of 8.2%. The ex-dividend date was Monday, May 20th. This is an increase from Fiat Chrysler Automobiles’s previous annual dividend of $0.74.
Fiat Chrysler Automobiles Profile
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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