Rocky Mountain Advisers LLC boosted its position in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 51.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,429 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Rocky Mountain Advisers LLC’s holdings in Fiat Chrysler Automobiles were worth $64,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of Fiat Chrysler Automobiles by 67.7% in the 4th quarter. Quadrant Capital Group LLC now owns 12,462 shares of the company’s stock valued at $177,000 after buying an additional 5,029 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Fiat Chrysler Automobiles by 38.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,652 shares of the company’s stock worth $183,000 after purchasing an additional 3,481 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in Fiat Chrysler Automobiles in the 4th quarter valued at $2,730,000. Norman Fields Gottscho Capital Management LLC increased its position in shares of Fiat Chrysler Automobiles by 195.1% during the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 49,460 shares of the company’s stock worth $715,000 after purchasing an additional 32,700 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Fiat Chrysler Automobiles by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 31,221,379 shares of the company’s stock valued at $546,687,000 after buying an additional 654,779 shares during the period. 25.44% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on FCAU shares. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Societe Generale raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a research note on Monday, November 5th. HSBC lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Finally, Barclays lowered Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price target on the stock. in a report on Friday, February 8th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.22.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Thursday, February 7th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Fiat Chrysler Automobiles had a net margin of 3.15% and a return on equity of 21.83%. The company had revenue of $30.62 billion for the quarter, compared to the consensus estimate of $29.94 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. Fiat Chrysler Automobiles’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Fiat Chrysler Automobiles NV will post 2.65 earnings per share for the current year.
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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