Marshall Wace LLP Takes Position in Stellantis (NYSE:STLA)

Marshall Wace LLP purchased a new position in Stellantis (NYSE:STLA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,082,966 shares of the company’s stock, valued at approximately $21,453,000.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Stellantis by 62.1% in the 2nd quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock worth $25,379,000 after acquiring an additional 489,932 shares during the last quarter. Evergreen Capital Management LLC raised its position in Stellantis by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock worth $819,000 after purchasing an additional 971 shares during the period. Magnetar Financial LLC bought a new stake in Stellantis in the second quarter worth about $801,000. Public Sector Pension Investment Board boosted its position in shares of Stellantis by 5.8% during the second quarter. Public Sector Pension Investment Board now owns 930,793 shares of the company’s stock valued at $18,425,000 after buying an additional 51,252 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Stellantis by 21.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,037 shares of the company’s stock valued at $279,000 after acquiring an additional 2,518 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Insider Transactions at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.02% of the company’s stock.

Stellantis Stock Performance

NYSE:STLA opened at $15.64 on Friday. Stellantis has a 52 week low of $14.76 and a 52 week high of $29.51. 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 firm has a 50 day moving average of $16.29 and a 200 day moving average of $21.00.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of Stellantis in a report on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target on the stock. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.34.

Stellantis 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.