First Trust Advisors LP trimmed its stake in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,825,702 shares of the company’s stock after selling 104,786 shares during the quarter. First Trust Advisors LP’s holdings in Fiat Chrysler Automobiles were worth $31,968,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at about $36,916,000. Parkwood LLC acquired a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at about $2,997,000. Janus Henderson Group PLC increased its position in Fiat Chrysler Automobiles by 223.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,044,155 shares of the company’s stock valued at $38,982,000 after buying an additional 1,411,244 shares in the last quarter. Swiss National Bank increased its position in Fiat Chrysler Automobiles by 0.7% during the 2nd quarter. Swiss National Bank now owns 5,116,133 shares of the company’s stock valued at $97,293,000 after buying an additional 36,424 shares in the last quarter. Finally, HRT Financial LLC acquired a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at about $493,000. 25.96% of the stock is owned by hedge funds and other institutional investors.
Shares of FCAU stock opened at $16.17 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $29.45 billion, a PE ratio of 4.48, a PEG ratio of 0.17 and a beta of 1.92. Fiat Chrysler Automobiles NV has a fifty-two week low of $14.97 and a fifty-two week high of $24.95.
FCAU has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 target price on shares of Fiat Chrysler Automobiles in a research report on Friday, July 27th. UBS Group raised Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised Fiat Chrysler Automobiles from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, HSBC lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Fiat Chrysler Automobiles currently has a consensus rating of “Buy” and a consensus target price of $23.02.
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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