Northern Trust Corp Has $51.33 Million Position in Fiat Chrysler Automobiles NV (NYSE:FCAU)

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Northern Trust Corp lifted its stake in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,714,412 shares of the company’s stock after acquiring an additional 94,039 shares during the period. Northern Trust Corp’s holdings in Fiat Chrysler Automobiles were worth $51,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in Fiat Chrysler Automobiles by 35.0% during the first quarter. AQR Capital Management LLC now owns 22,405,702 shares of the company’s stock worth $333,709,000 after buying an additional 5,807,093 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Fiat Chrysler Automobiles by 2.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 15,684,533 shares of the company’s stock worth $232,917,000 after buying an additional 334,243 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Fiat Chrysler Automobiles by 73.3% during the second quarter. Bank of New York Mellon Corp now owns 9,703,661 shares of the company’s stock worth $134,105,000 after buying an additional 4,103,134 shares during the last quarter. Swiss National Bank raised its holdings in Fiat Chrysler Automobiles by 1.3% during the second quarter. Swiss National Bank now owns 5,175,206 shares of the company’s stock worth $72,261,000 after buying an additional 68,901 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Fiat Chrysler Automobiles by 67.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,583,412 shares of the company’s stock worth $35,955,000 after buying an additional 1,040,202 shares during the last quarter. Institutional investors own 23.44% of the company’s stock.

Shares of NYSE FCAU traded up $0.02 during trading on Thursday, hitting $13.73. The stock had a trading volume of 28,521 shares, compared to its average volume of 2,462,345. Fiat Chrysler Automobiles NV has a 12 month low of $12.11 and a 12 month high of $18.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.81 and a quick ratio of 0.56. The company has a market capitalization of $26.98 billion, a PE ratio of 3.63, a PEG ratio of 1.69 and a beta of 1.72. The firm has a fifty day moving average of $13.13 and a two-hundred day moving average of $14.09.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.08). Fiat Chrysler Automobiles had a return on equity of 17.07% and a net margin of 2.95%. The firm had revenue of $26.74 billion during the quarter, compared to the consensus estimate of $27.23 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Fiat Chrysler Automobiles NV will post 2.91 earnings per share for the current fiscal year.

Several research firms have weighed in on FCAU. Goldman Sachs Group began coverage on shares of Fiat Chrysler Automobiles in a report on Monday, July 15th. They set a “sell” rating and a $14.18 price objective on the stock. Nomura began coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, June 19th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the stock a “hold” rating in a report on Thursday, June 6th. Finally, ValuEngine downgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.35.

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

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