Vident Investment Advisory LLC increased its stake in Fiat Chrysler Automobiles (NYSE:FCAU) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,786 shares of the company’s stock after acquiring an additional 17,579 shares during the period. Vident Investment Advisory LLC’s holdings in Fiat Chrysler Automobiles were worth $5,650,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MEAG MUNICH ERGO AssetManagement GmbH purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $176,000. Weil Company Inc. purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $178,000. Regentatlantic Capital LLC purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $183,000. Ballentine Partners LLC purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $191,000. Finally, Lorber David A boosted its position in shares of Fiat Chrysler Automobiles by 38.3% during the third quarter. Lorber David A now owns 11,844 shares of the company’s stock valued at $212,000 after buying an additional 3,279 shares during the period. Institutional investors own 25.84% of the company’s stock.
Shares of Fiat Chrysler Automobiles stock traded down $0.27 on Friday, hitting $22.31. 3,850,449 shares of the company traded hands, compared to its average volume of 4,367,655. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.49 and a current ratio of 0.77. Fiat Chrysler Automobiles has a 52 week low of $9.60 and a 52 week high of $24.95. The company has a market capitalization of $44,009.10, a PE ratio of 8.20 and a beta of 2.07.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.18. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 18.81%. The firm had revenue of $28.88 billion during the quarter, compared to the consensus estimate of $30.08 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. analysts forecast that Fiat Chrysler Automobiles will post 3.64 earnings per share for the current year.
FCAU has been the subject of several recent analyst reports. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. JPMorgan Chase upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a research report on Friday, January 5th. BNP Paribas upgraded Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a research report on Friday, January 19th. Exane BNP Paribas upgraded Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a research report on Friday, January 19th. Finally, Vetr upgraded 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. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.57.
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About Fiat Chrysler Automobiles
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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