Comerica Bank Sells 3,000 Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU)

Comerica Bank lessened its holdings in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,434 shares of the company’s stock after selling 3,000 shares during the period. Comerica Bank’s holdings in Fiat Chrysler Automobiles were worth $1,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Asset Advisory Services LLC purchased a new position in Fiat Chrysler Automobiles during the second quarter worth $376,000. Arbor Wealth Management LLC boosted its stake in Fiat Chrysler Automobiles by 50.2% during the second quarter. Arbor Wealth Management LLC now owns 390,325 shares of the company’s stock worth $5,394,000 after buying an additional 130,499 shares during the period. SOL Capital Management CO boosted its stake in Fiat Chrysler Automobiles by 12.3% during the second quarter. SOL Capital Management CO now owns 34,650 shares of the company’s stock worth $479,000 after buying an additional 3,800 shares during the period. Mackey Komara & Dankovich LLC boosted its stake in Fiat Chrysler Automobiles by 268.1% during the second quarter. Mackey Komara & Dankovich LLC now owns 694,885 shares of the company’s stock worth $9,603,000 after buying an additional 506,113 shares during the period. Finally, Camelot Portfolios LLC boosted its stake in Fiat Chrysler Automobiles by 7.0% during the second quarter. Camelot Portfolios LLC now owns 113,191 shares of the company’s stock worth $1,564,000 after buying an additional 7,360 shares during the period. Institutional investors own 23.60% of the company’s stock.

Several research analysts have commented on FCAU shares. ValuEngine raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. HSBC raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Commerzbank raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Exane BNP Paribas raised shares of Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 12th. Finally, Redburn Partners raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Fiat Chrysler Automobiles has a consensus rating of “Hold” and an average price target of $15.85.

Shares of FCAU opened at $15.65 on Tuesday. The firm has a market capitalization of $31.41 billion, a P/E ratio of 4.14, a P/E/G ratio of 2.00 and a beta of 1.74. Fiat Chrysler Automobiles NV has a 12-month low of $12.11 and a 12-month high of $17.46. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $14.04 and a 200-day moving average price of $13.70.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its earnings results on Thursday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.07). The company had revenue of $30.38 billion for the quarter, compared to analysts’ expectations of $30.11 billion. Fiat Chrysler Automobiles had a net margin of 2.33% and a return on equity of 15.99%. Analysts predict that Fiat Chrysler Automobiles NV will post 2.85 earnings per share for the current year.

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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