Fiat Chrysler Automobiles NV (FCAU) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its stake in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,003 shares of the company’s stock after purchasing an additional 37,022 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Fiat Chrysler Automobiles were worth $7,314,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC World Markets Inc. increased its position in shares of Fiat Chrysler Automobiles by 3.9% in the third quarter. CIBC World Markets Inc. now owns 238,696 shares of the company’s stock valued at $4,180,000 after buying an additional 9,016 shares in the last quarter. FIL Ltd increased its position in shares of Fiat Chrysler Automobiles by 4.9% in the third quarter. FIL Ltd now owns 2,230,522 shares of the company’s stock valued at $39,219,000 after buying an additional 105,049 shares in the last quarter. Cim Investment Mangement Inc. purchased a new position in shares of Fiat Chrysler Automobiles in the third quarter valued at $458,000. Twin Tree Management LP increased its position in shares of Fiat Chrysler Automobiles by 109.9% in the third quarter. Twin Tree Management LP now owns 28,328 shares of the company’s stock valued at $496,000 after buying an additional 315,051 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Fiat Chrysler Automobiles by 32.6% in the third quarter. PNC Financial Services Group Inc. now owns 34,524 shares of the company’s stock valued at $603,000 after buying an additional 8,495 shares in the last quarter. Institutional investors and hedge funds own 25.44% of the company’s stock.

FCAU opened at $15.97 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The firm has a market cap of $31.55 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.19 and a beta of 1.92. Fiat Chrysler Automobiles NV has a 52 week low of $14.97 and a 52 week high of $24.95.

A number of research analysts have recently weighed in on FCAU shares. ValuEngine cut Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. HSBC lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Wolfe Research began coverage on Fiat Chrysler Automobiles in a research note on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Zacks Investment Research raised Fiat Chrysler Automobiles from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $23.80.

COPYRIGHT VIOLATION WARNING: “Fiat Chrysler Automobiles NV (FCAU) Shares Bought by Ontario Teachers Pension Plan Board” was reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.wkrb13.com/2018/11/24/fiat-chrysler-automobiles-nv-fcau-shares-bought-by-ontario-teachers-pension-plan-board.html.

Fiat Chrysler Automobiles 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, 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.

Read More: What is Compound Annual Growth Rate (CAGR)?

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

Receive News & Ratings for Fiat Chrysler Automobiles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiat Chrysler Automobiles and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply