Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,979 shares of the company’s stock after selling 32,048 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fiat Chrysler Automobiles were worth $4,031,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board lifted its position in shares of Fiat Chrysler Automobiles by 9.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 254,740 shares of the company’s stock worth $1,847,000 after purchasing an additional 22,817 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in Fiat Chrysler Automobiles during the first quarter worth about $113,000. Janus Henderson Group PLC boosted its stake in Fiat Chrysler Automobiles by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 399,179 shares of the company’s stock worth $2,878,000 after buying an additional 1,987 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Fiat Chrysler Automobiles by 77.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,841 shares of the company’s stock valued at $128,000 after buying an additional 7,777 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Fiat Chrysler Automobiles by 20.2% during the 4th quarter. Guggenheim Capital LLC now owns 19,132 shares of the company’s stock valued at $281,000 after acquiring an additional 3,220 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.
A number of research firms recently issued reports on FCAU. UBS Group restated a “neutral” rating on shares of Fiat Chrysler Automobiles in a report on Tuesday, June 30th. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Redburn Partners raised shares of Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.00.
Fiat Chrysler Automobiles stock opened at $10.15 on Friday. Fiat Chrysler Automobiles NV has a 52 week low of $6.00 and a 52 week high of $16.25. The company has a current ratio of 0.77, a quick ratio of 0.51 and a debt-to-equity ratio of 0.30. The stock has a market cap of $19.89 billion, a P/E ratio of 10.91 and a beta of 1.88. The stock has a 50 day moving average of $10.00 and a 200-day moving average of $10.11.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Friday, July 31st. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($1.98) by $1.33. Fiat Chrysler Automobiles had a net margin of 0.49% and a return on equity of 11.33%. The firm had revenue of $11.71 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was down 56.2% compared to the same quarter last year. As a group, equities analysts predict that Fiat Chrysler Automobiles NV will post -0.69 earnings per share for the current fiscal year.
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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