Legg Mason Asset Management Japan Co. Ltd. trimmed its position in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,604 shares of the company’s stock after selling 2,986 shares during the period. Fiat Chrysler Automobiles makes up approximately 1.2% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 16th biggest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Fiat Chrysler Automobiles were worth $949,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of FCAU. Parisi Gray Wealth Management boosted its stake in Fiat Chrysler Automobiles by 273.5% during the 4th quarter. Parisi Gray Wealth Management now owns 1,789 shares of the company’s stock valued at $26,000 after purchasing an additional 1,310 shares during the last quarter. We Are One Seven LLC acquired a new position in Fiat Chrysler Automobiles during the 4th quarter valued at about $31,000. Fosun International Ltd acquired a new position in Fiat Chrysler Automobiles during the 4th quarter valued at about $38,000. Lindbrook Capital LLC acquired a new position in Fiat Chrysler Automobiles during the 4th quarter valued at about $40,000. Finally, Rocky Mountain Advisers LLC boosted its stake in Fiat Chrysler Automobiles by 51.2% during the 4th quarter. Rocky Mountain Advisers LLC now owns 4,429 shares of the company’s stock valued at $64,000 after purchasing an additional 1,500 shares during the last quarter. 27.14% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE FCAU opened at $14.34 on Friday. Fiat Chrysler Automobiles NV has a twelve month low of $14.01 and a twelve month high of $24.41. The company has a market capitalization of $27.77 billion, a PE ratio of 3.79, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The company has a current ratio of 0.82, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.
The company also recently disclosed an annual dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 24th will be paid a $0.7353 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a yield of 4.91%.
A number of brokerages have recently weighed in on FCAU. Zacks Investment Research downgraded Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 5th. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Barclays downgraded Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 target price on the stock. in a research note on Friday, February 8th. Finally, UBS Group downgraded Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Fiat Chrysler Automobiles currently has a consensus rating of “Hold” and an average price target of $20.22.
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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 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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