Stellantis (NYSE:STLA) Stake Boosted by Fmr LLC

Fmr LLC raised its position in shares of Stellantis (NYSE:STLA) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,137,594 shares of the company’s stock after buying an additional 145,583 shares during the quarter. Fmr LLC’s holdings in Stellantis were worth $44,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its position in shares of Stellantis by 0.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock valued at $194,755,000 after acquiring an additional 43,159 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after purchasing an additional 1,894,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stellantis by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock worth $177,163,000 after buying an additional 1,425,814 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Stellantis by 15.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,012,091 shares of the company’s stock worth $59,551,000 after buying an additional 400,719 shares during the period. Finally, Banco Santander S.A. acquired a new position in Stellantis during the third quarter valued at $26,679,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

Shares of STLA opened at $13.65 on Friday. The firm has a market cap of $42.76 billion, a price-to-earnings ratio of 4.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.60. The company’s fifty day moving average is $13.27 and its 200-day moving average is $16.62. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.