Westpac Banking Corp Has $900,000 Holdings in Fiat Chrysler Automobiles N.V. (FCAU)

Westpac Banking Corp trimmed its stake in Fiat Chrysler Automobiles N.V. (NYSE:FCAU) by 62.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,519 shares of the company’s stock after selling 158,832 shares during the period. Westpac Banking Corp’s holdings in Fiat Chrysler Automobiles N.V. were worth $900,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FCAU. FMR LLC grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 88.3% during the first quarter. FMR LLC now owns 27,377,215 shares of the company’s stock worth $299,304,000 after purchasing an additional 12,837,115 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 56.9% during the first 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 during the last quarter. SRS Investment Management LLC grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 1,315.8% during the first quarter. SRS Investment Management LLC now owns 10,680,904 shares of the company’s stock worth $116,742,000 after purchasing an additional 9,926,516 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 5,621.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 1,558,244 shares of the company’s stock worth $17,100,000 after purchasing an additional 1,531,011 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 46.7% during the second quarter. Bank of New York Mellon Corp now owns 4,173,029 shares of the company’s stock worth $44,359,000 after purchasing an additional 1,329,107 shares during the last quarter. Hedge funds and other institutional investors own 28.78% of the company’s stock.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 16.31 on Monday. The firm has a 50-day moving average price of $13.27 and a 200 day moving average price of $11.49. The firm has a market cap of $25.07 billion, a price-to-earnings ratio of 7.57 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.05 and a 1-year high of $16.46.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.64 earnings per share for the current year.

Several brokerages have recently issued reports on FCAU. Jefferies Group LLC set a $14.00 price target on Fiat Chrysler Automobiles N.V. and gave the company a “buy” rating in a research note on Monday, May 22nd. Morgan Stanley cut their price target on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Bank of America Corporation reaffirmed an “underperform” rating and set a $9.00 price target (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub raised Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.41.

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Fiat Chrysler Automobiles N.V. 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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