Fiat Chrysler Automobiles NV (FCAU) Stake Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,861,724 shares of the company’s stock after selling 133,923 shares during the quarter. Bank of New York Mellon Corp owned 0.25% of Fiat Chrysler Automobiles worth $91,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of FCAU. BLB&B Advisors LLC purchased a new position in Fiat Chrysler Automobiles during the 2nd quarter worth approximately $270,000. Edge Wealth Management LLC grew its position in Fiat Chrysler Automobiles by 655.3% during the 2nd quarter. Edge Wealth Management LLC now owns 30,213 shares of the company’s stock worth $571,000 after purchasing an additional 26,213 shares in the last quarter. James Investment Research Inc. purchased a new position in Fiat Chrysler Automobiles during the 2nd quarter worth approximately $2,286,000. Cornerstone Wealth Management LLC purchased a new position in Fiat Chrysler Automobiles during the 2nd quarter worth approximately $2,564,000. Finally, Acadian Asset Management LLC purchased a new position in Fiat Chrysler Automobiles during the 2nd quarter worth approximately $301,000. 25.96% of the stock is owned by hedge funds and other institutional investors.

Fiat Chrysler Automobiles stock opened at $16.26 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 0.86. Fiat Chrysler Automobiles NV has a 12 month low of $14.97 and a 12 month high of $24.95. The firm has a market cap of $31.96 billion, a PE ratio of 5.98, a P/E/G ratio of 0.19 and a beta of 1.92.

FCAU has been the topic of several research analyst reports. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 26th. ValuEngine cut shares of Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Exane BNP Paribas upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 12th. Societe Generale upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Finally, HSBC cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles has an average rating of “Buy” and a consensus target price of $23.02.

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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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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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Institutional Ownership by Quarter for Fiat Chrysler Automobiles (NYSE:FCAU)

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