Fiat Chrysler Automobiles NV (FCAU) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its stake in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,784,716 shares of the company’s stock after purchasing an additional 26,129 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.12% of Fiat Chrysler Automobiles worth $31,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its holdings in Fiat Chrysler Automobiles by 18.2% during the third quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock worth $1,430,041,000 after purchasing an additional 12,275,873 shares in the last quarter. Harris Associates L P increased its holdings in shares of Fiat Chrysler Automobiles by 0.4% in the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock valued at $603,902,000 after acquiring an additional 215,789 shares during the period. FMR LLC increased its holdings in shares of Fiat Chrysler Automobiles by 5.8% in the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock valued at $306,684,000 after acquiring an additional 1,580,544 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fiat Chrysler Automobiles by 9.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after acquiring an additional 2,299,117 shares during the period. Finally, Ruane Cunniff & Goldfarb Inc. increased its holdings in shares of Fiat Chrysler Automobiles by 25.1% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock valued at $448,849,000 after acquiring an additional 5,029,683 shares during the period. 31.22% of the stock is currently owned by institutional investors.

Fiat Chrysler Automobiles NV (NYSE FCAU) opened at $18.44 on Friday. Fiat Chrysler Automobiles NV has a 1 year low of $8.92 and a 1 year high of $18.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48. The firm has a market cap of $28,286.21, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.36 and a beta of 1.63.

FCAU has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America raised shares of Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $9.00 to $18.00 in a report on Monday, August 28th. Barclays raised shares of Fiat Chrysler Automobiles from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $15.53 to $10.00 in a report on Wednesday, September 6th. Deutsche Bank reaffirmed a “hold” rating on shares of Fiat Chrysler Automobiles in a report on Thursday, September 7th. Finally, Morgan Stanley lifted their target price on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.78.

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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 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 (NYSE:FCAU)

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