Zacks Investment Research upgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a hold rating to a buy rating in a report published on Monday morning. They currently have $85.00 price target on the stock.

Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 75.65 on Monday. The firm has a 50-day moving average price of $76.77 and a 200 day moving average price of $72.41. The company has a market capitalization of $29.52 billion and a P/E ratio of 7.10. Fuji Heavy Industries has a 12 month low of $61.09 and a 12 month high of $84.85.

Several hedge funds and other institutional investors have recently bought and sold shares of FUJHY. CENTRAL TRUST Co increased its position in Fuji Heavy Industries by 9.8% in the second quarter. CENTRAL TRUST Co now owns 1,890 shares of the company’s stock worth $128,000 after buying an additional 169 shares during the last quarter. Todd Asset Management LLC purchased a new position in Fuji Heavy Industries during the second quarter worth about $2,833,000. Teachers Retirement System of The State of Kentucky purchased a new position in Fuji Heavy Industries during the second quarter worth about $2,833,000. Glenmede Trust Co. NA increased its position in Fuji Heavy Industries by 9.8% in the second quarter. Glenmede Trust Co. NA now owns 100,224 shares of the company’s stock worth $6,795,000 after buying an additional 8,922 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Fuji Heavy Industries by 2.0% in the second quarter. Parametric Portfolio Associates LLC now owns 214,924 shares of the company’s stock worth $14,707,000 after buying an additional 4,213 shares during the last quarter.

About Fuji Heavy Industries

Fuji Heavy Industries Ltd. is engaged in the manufacture, repair and sale of automobile parts, transportation-related products and industrial product parts. The Company’s segments include Automobiles, Aerospace, Industrial Products and Other. Its principal business includes Aerospace Company, Industrial Products Company and Subaru Automotive business.

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