Sanctuary Advisors LLC Trims Holdings in Stellantis (NYSE:STLA)

Sanctuary Advisors LLC lowered its stake in shares of Stellantis (NYSE:STLA) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 55,871 shares of the company’s stock after selling 1,100 shares during the period. Sanctuary Advisors LLC’s holdings in Stellantis were worth $728,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in STLA. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after buying an additional 2,671,500 shares during the period. Banco Santander S.A. acquired a new position in Stellantis during the 3rd quarter worth about $26,679,000. AustralianSuper Pty Ltd boosted its holdings in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after acquiring an additional 1,894,146 shares during the period. Conifer Management L.L.C. grew its position in Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after acquiring an additional 1,880,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Stellantis by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock worth $177,163,000 after purchasing an additional 1,425,814 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 0.2 %

Shares of NYSE STLA opened at $12.91 on Tuesday. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The business has a 50-day moving average of $13.28 and a two-hundred day moving average of $15.93.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STLA shares. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.34.

About Stellantis

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.