Northern Trust Corp Has $39.29 Million Stake in Fiat Chrysler Automobiles N.V. (FCAU)

Northern Trust Corp cut its position in Fiat Chrysler Automobiles N.V. (NYSE:FCAU) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,695,972 shares of the company’s stock after selling 18,803 shares during the quarter. Northern Trust Corp owned 0.24% of Fiat Chrysler Automobiles N.V. worth $39,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FCAU. Investment Centers of America Inc. purchased a new position in shares of Fiat Chrysler Automobiles N.V. in the first quarter valued at $110,000. Ballentine Partners LLC purchased a new position in shares of Fiat Chrysler Automobiles N.V. in the second quarter valued at $117,000. US Bancorp DE boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock valued at $120,000 after purchasing an additional 589 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Fiat Chrysler Automobiles N.V. in the first quarter valued at $124,000. Finally, BKS Advisors LLC purchased a new position in shares of Fiat Chrysler Automobiles N.V. in the second quarter valued at $128,000. Institutional investors and hedge funds own 28.78% of the company’s stock.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.17. The business had revenue of $27.93 billion for the quarter, compared to the consensus estimate of $29.24 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. Fiat Chrysler Automobiles N.V.’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share.

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Several brokerages have recently weighed in on FCAU. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC upped their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Friday, August 25th. Bank of America Corporation upgraded shares of Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and upped their target price for the company from $9.00 to $18.00 in a research note on Monday, August 28th. Finally, Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $15.41.

Fiat Chrysler Automobiles N.V. Company 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 N.V. (NYSE:FCAU)

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