James Investment Research Inc. purchased a new stake in shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) during the second quarter, Holdings Channel reports. The firm purchased 120,740 shares of the company’s stock, valued at approximately $1,283,000.
A number of other large investors have also bought and sold shares of FCAU. Wetherby Asset Management Inc. raised its stake in Fiat Chrysler Automobiles N.V. by 5.2% in the first quarter. Wetherby Asset Management Inc. now owns 28,427 shares of the company’s stock valued at $311,000 after buying an additional 1,412 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Fiat Chrysler Automobiles N.V. by 0.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 363,911 shares of the company’s stock valued at $3,993,000 after buying an additional 2,872 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in Fiat Chrysler Automobiles N.V. during the first quarter valued at about $383,000. Wells Fargo & Company MN raised its stake in Fiat Chrysler Automobiles N.V. by 13.8% in the first quarter. Wells Fargo & Company MN now owns 389,951 shares of the company’s stock valued at $4,262,000 after buying an additional 47,137 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Fiat Chrysler Automobiles N.V. by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,843,922 shares of the company’s stock valued at $31,084,000 after buying an additional 159,067 shares during the last quarter. 29.54% of the stock is currently owned by institutional investors.
Fiat Chrysler Automobiles N.V. (FCAU) opened at 11.75 on Friday. The company has a 50-day moving average of $11.10 and a 200-day moving average of $10.82. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 7.99 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.01 and a 52 week high of $12.07.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $27.72 billion for the quarter, compared to the consensus estimate of $27.51 billion. Fiat Chrysler Automobiles N.V. had a net margin of 1.76% and a return on equity of 14.39%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.50 earnings per share for the current year.
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Several research firms have recently issued reports on FCAU. Morgan Stanley reissued an “overweight” rating and set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. Vetr lowered shares of Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “buy” rating and set a $12.38 target price on the stock. in a research note on Tuesday, March 28th. BidaskClub raised shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Jefferies Group LLC set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, Bank of America Corporation reissued an “underperform” rating and set a $9.00 target price (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.55.
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