Parametric Portfolio Associates LLC Trims Holdings in Fiat Chrysler Automobiles NV (NYSE:FCAU)

Parametric Portfolio Associates LLC lessened its holdings in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,383,956 shares of the company’s stock after selling 114,219 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.07% of Fiat Chrysler Automobiles worth $20,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Fiat Chrysler Automobiles in the 1st quarter worth $25,000. Parisi Gray Wealth Management lifted 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 purchasing an additional 1,310 shares in the last quarter. Lindbrook Capital LLC purchased a new stake in Fiat Chrysler Automobiles in the 4th quarter worth $40,000. Parallel Advisors LLC lifted its stake in Fiat Chrysler Automobiles by 69.8% in the 4th quarter. Parallel Advisors LLC now owns 6,326 shares of the company’s stock worth $91,000 after purchasing an additional 2,601 shares in the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in Fiat Chrysler Automobiles by 913.8% in the 4th quarter. Neuburgh Advisers LLC now owns 6,468 shares of the company’s stock worth $94,000 after purchasing an additional 5,830 shares in the last quarter. Institutional investors and hedge funds own 26.45% of the company’s stock.

A number of analysts have recently weighed in on FCAU shares. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday. Nomura assumed coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, June 19th. They issued a “neutral” rating on the stock. Bank of America set a $20.00 price target on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a report on Thursday, June 6th. Oddo Securities upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a report on Tuesday, May 28th. Finally, Evercore ISI upgraded shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.31.

NYSE:FCAU traded down $0.09 during midday trading on Friday, reaching $13.82. 2,733,700 shares of the stock traded hands, compared to its average volume of 4,165,879. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.82 and a quick ratio of 0.57. Fiat Chrysler Automobiles NV has a 12-month low of $12.58 and a 12-month high of $20.43. The company has a market cap of $27.34 billion, a PE ratio of 3.66, a PEG ratio of 1.64 and a beta of 1.77. The firm has a 50-day moving average price of $13.62.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). Fiat Chrysler Automobiles had a net margin of 2.85% and a return on equity of 18.57%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $25.70 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that Fiat Chrysler Automobiles NV will post 3.01 EPS for the current year.

The firm also recently disclosed an annual dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a dividend yield of 8.2%. This is a positive change from Fiat Chrysler Automobiles’s previous annual dividend of $0.74.

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

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