Crossmark Global Holdings Inc. Invests $1.59 Million in Fiat Chrysler Automobiles NV (FCAU)

Crossmark Global Holdings Inc. acquired a new stake in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 88,930 shares of the company’s stock, valued at approximately $1,587,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in shares of Fiat Chrysler Automobiles by 18.2% during the third quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock valued at $1,430,041,000 after purchasing an additional 12,275,873 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its stake in shares of Fiat Chrysler Automobiles by 25.1% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock valued at $448,849,000 after purchasing an additional 5,029,683 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fiat Chrysler Automobiles by 163.8% during the third quarter. JPMorgan Chase & Co. now owns 7,520,960 shares of the company’s stock valued at $132,294,000 after purchasing an additional 4,669,960 shares in the last quarter. Bank of Italy boosted its stake in shares of Fiat Chrysler Automobiles by 1.2% during the third quarter. Bank of Italy now owns 6,933,984 shares of the company’s stock valued at $124,104,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Fiat Chrysler Automobiles by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 4,336,301 shares of the company’s stock valued at $77,664,000 after purchasing an additional 163,272 shares in the last quarter. Hedge funds and other institutional investors own 31.17% of the company’s stock.

FCAU has been the subject of a number of analyst reports. BidaskClub cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. ValuEngine cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, December 20th. Vetr raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $25.70 target price for the company in a research report on Monday, January 29th. Finally, Bank of America set a $19.00 target price on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles currently has an average rating of “Buy” and an average price target of $20.72.

Shares of Fiat Chrysler Automobiles NV (NYSE FCAU) opened at $21.54 on Wednesday. Fiat Chrysler Automobiles NV has a 52-week low of $9.60 and a 52-week high of $24.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market cap of $33,513.01, a P/E ratio of 7.96, a P/E/G ratio of 0.34 and a beta of 1.98.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Thursday, January 25th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.18. The company had revenue of $28.88 billion during the quarter, compared to analysts’ expectations of $30.08 billion. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 19.06%. Fiat Chrysler Automobiles’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. equities analysts forecast that Fiat Chrysler Automobiles NV will post 3.36 EPS for the current fiscal year.

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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, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; 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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