Fiat Chrysler Automobiles (FCAU) Holdings Cut by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of Fiat Chrysler Automobiles (NYSE:FCAU) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,055 shares of the company’s stock after selling 5,500 shares during the period. D.A. Davidson & CO.’s holdings in Fiat Chrysler Automobiles were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its position in shares of Fiat Chrysler Automobiles by 6.2% during the fourth quarter. Macquarie Group Ltd. now owns 39,300 shares of the company’s stock valued at $701,000 after buying an additional 2,300 shares during the last quarter. Greenleaf Trust raised its position in shares of Fiat Chrysler Automobiles by 15.3% during the fourth quarter. Greenleaf Trust now owns 20,884 shares of the company’s stock valued at $373,000 after buying an additional 2,774 shares during the last quarter. First Allied Advisory Services Inc. raised its position in shares of Fiat Chrysler Automobiles by 6.3% during the fourth quarter. First Allied Advisory Services Inc. now owns 50,258 shares of the company’s stock valued at $896,000 after buying an additional 2,976 shares during the last quarter. LPL Financial LLC raised its position in shares of Fiat Chrysler Automobiles by 4.5% during the fourth quarter. LPL Financial LLC now owns 78,188 shares of the company’s stock valued at $1,395,000 after buying an additional 3,393 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Fiat Chrysler Automobiles by 4.6% during the first quarter. Comerica Bank now owns 85,829 shares of the company’s stock valued at $2,045,000 after buying an additional 3,788 shares during the last quarter. Institutional investors own 26.63% of the company’s stock.

Fiat Chrysler Automobiles opened at $22.18 on Friday, Marketbeat.com reports. Fiat Chrysler Automobiles has a 12-month low of $21.95 and a 12-month high of $22.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.80 and a quick ratio of 0.50. The stock has a market capitalization of $43.42 billion, a P/E ratio of 7.21, a price-to-earnings-growth ratio of 0.24 and a beta of 2.06.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Fiat Chrysler Automobiles had a return on equity of 20.10% and a net margin of 3.52%. The business had revenue of $27.03 billion during the quarter, compared to analyst estimates of $27.74 billion. During the same period last year, the company earned $0.43 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts predict that Fiat Chrysler Automobiles will post 3.93 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Vetr raised shares of Fiat Chrysler Automobiles from a “buy” rating to a “strong-buy” rating and set a $25.70 price objective for the company in a research report on Monday, February 5th. Morgan Stanley upped their price objective on shares of Fiat Chrysler Automobiles from $18.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Nomura assumed coverage on shares of Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Instinet assumed coverage on shares of Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They set a “neutral” rating and a $21.10 price objective for the company. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Fiat Chrysler Automobiles presently has a consensus rating of “Buy” and an average price target of $20.79.

Fiat Chrysler Automobiles 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, 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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Institutional Ownership by Quarter for Fiat Chrysler Automobiles (NYSE:FCAU)

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