Banco Santander S.A. Decreases Stock Position in Fiat Chrysler Automobiles NV (NYSE:FCAU)

Banco Santander S.A. trimmed its holdings in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 1,049 shares during the period. Banco Santander S.A.’s holdings in Fiat Chrysler Automobiles were worth $6,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Fiat Chrysler Automobiles by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,206,848 shares of the company’s stock valued at $458,919,000 after purchasing an additional 762,148 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Fiat Chrysler Automobiles by 73.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,703,661 shares of the company’s stock valued at $134,105,000 after purchasing an additional 4,103,134 shares in the last quarter. Morgan Stanley raised its position in shares of Fiat Chrysler Automobiles by 29.0% in the 2nd quarter. Morgan Stanley now owns 8,507,518 shares of the company’s stock valued at $117,574,000 after purchasing an additional 1,911,618 shares in the last quarter. Marshall Wace LLP raised its position in shares of Fiat Chrysler Automobiles by 223.5% in the 2nd quarter. Marshall Wace LLP now owns 7,159,497 shares of the company’s stock valued at $99,878,000 after purchasing an additional 4,946,622 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Fiat Chrysler Automobiles by 1.3% in the 2nd quarter. Swiss National Bank now owns 5,175,206 shares of the company’s stock valued at $72,261,000 after purchasing an additional 68,901 shares in the last quarter. 23.51% of the stock is currently owned by institutional investors.

FCAU stock opened at $15.90 on Thursday. 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 market cap of $31.35 billion, a P/E ratio of 4.21, a P/E/G ratio of 2.03 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 stock’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $13.69.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.07). The firm had revenue of $30.38 billion for the quarter, compared to analyst estimates of $30.11 billion. Fiat Chrysler Automobiles had a net margin of 2.33% and a return on equity of 15.99%. On average, research analysts forecast that Fiat Chrysler Automobiles NV will post 2.85 EPS for the current fiscal year.

FCAU has been the topic of a number of recent analyst reports. BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research report on Tuesday. ValuEngine raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Exane BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research report on Tuesday. HSBC raised Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.85.

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 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.

Further Reading: Momentum Indicators

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

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