Prudential PLC lessened its holdings in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 462,099 shares of the company’s stock after selling 26,989 shares during the period. Prudential PLC’s holdings in Fiat Chrysler Automobiles were worth $6,682,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of FCAU. Parisi Gray Wealth Management raised its stake in Fiat Chrysler Automobiles by 273.5% in the 4th quarter. Parisi Gray Wealth Management now owns 1,789 shares of the company’s stock worth $26,000 after acquiring an additional 1,310 shares during the last quarter. We Are One Seven LLC purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth $31,000. Fosun International Ltd purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth $38,000. Lindbrook Capital LLC purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth $40,000. Finally, Rocky Mountain Advisers LLC raised its stake in Fiat Chrysler Automobiles by 51.2% in the 4th quarter. Rocky Mountain Advisers LLC now owns 4,429 shares of the company’s stock worth $64,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 27.14% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. UBS Group lowered Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Finally, Barclays lowered Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 target price for the company. in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.22.
Shares of FCAU opened at $14.17 on Friday. The stock has a market cap of $27.77 billion, a price-to-earnings ratio of 3.75, a P/E/G ratio of 0.55 and a beta of 1.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.82. Fiat Chrysler Automobiles NV has a fifty-two week low of $14.01 and a fifty-two week high of $24.41.
Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly 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. The company had revenue of $30.62 billion for the quarter, compared to the consensus estimate of $29.94 billion. Fiat Chrysler Automobiles had a return on equity of 21.32% and a net margin of 3.15%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, analysts expect that Fiat Chrysler Automobiles NV will post 2.95 EPS for the current year.
The business also recently declared an annual dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.7353 per share. This represents a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, April 23rd.
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 five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, 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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