Baillie Gifford & Co. Reduces Stake in Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Baillie Gifford & Co. trimmed its stake in shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,515,878 shares of the company’s stock after selling 1,156,015 shares during the period. Fiat Chrysler Automobiles N.V. comprises about 1.0% of Baillie Gifford & Co.’s holdings, making the stock its 22nd biggest position. Baillie Gifford & Co. owned about 4.42% of Fiat Chrysler Automobiles N.V. worth $710,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Fiat Chrysler Automobiles N.V. by 56.9% during the 1st quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock worth $346,023,000 after purchasing an additional 11,450,245 shares in the last quarter. FMR LLC grew its stake in Fiat Chrysler Automobiles N.V. by 88.3% in the 1st quarter. FMR LLC now owns 27,377,215 shares of the company’s stock worth $299,304,000 after acquiring an additional 12,837,115 shares during the period. Vanguard Group Inc. grew its stake in Fiat Chrysler Automobiles N.V. by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 24,894,440 shares of the company’s stock worth $272,095,000 after acquiring an additional 1,012,634 shares during the period. Dalal Street LLC grew its stake in Fiat Chrysler Automobiles N.V. by 7.9% in the 1st quarter. Dalal Street LLC now owns 12,922,130 shares of the company’s stock worth $141,239,000 after acquiring an additional 950,200 shares during the period. Finally, SRS Investment Management LLC grew its stake in Fiat Chrysler Automobiles N.V. by 1,315.8% in the 1st quarter. SRS Investment Management LLC now owns 10,680,904 shares of the company’s stock worth $116,742,000 after acquiring an additional 9,926,516 shares during the period. 28.78% of the stock is owned by institutional investors and hedge funds.

FCAU has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America Corporation raised shares of Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $9.00 to $18.00 in a research note on Monday, August 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a research note on Thursday, September 7th. Finally, Jefferies Group LLC set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded down 0.30% during trading on Friday, hitting $16.66. 3,523,515 shares of the company traded hands. The firm has a market cap of $25.61 billion, a P/E ratio of 7.73 and a beta of 1.67. The firm has a 50 day moving average of $13.94 and a 200 day moving average of $11.68. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $16.77.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. The company had revenue of $27.93 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. Fiat Chrysler Automobiles N.V.’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, analysts expect that Fiat Chrysler Automobiles N.V. will post $2.62 earnings per share for the current fiscal year.

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Fiat Chrysler Automobiles N.V. 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, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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

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