The Manufacturers Life Insurance Company grew its position in Stellantis (NYSE:STLA – Free Report) by 15.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,012,091 shares of the company’s stock after buying an additional 400,719 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Stellantis worth $59,551,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in STLA. Electron Capital Partners LLC lifted its holdings in Stellantis by 218.6% during the second quarter. Electron Capital Partners LLC now owns 1,803,506 shares of the company’s stock worth $35,800,000 after acquiring an additional 1,237,440 shares in the last quarter. Sfmg LLC raised its position in shares of Stellantis by 0.5% during the second quarter. Sfmg LLC now owns 238,759 shares of the company’s stock worth $4,739,000 after purchasing an additional 1,090 shares during the period. Marshall Wace LLP bought a new position in shares of Stellantis during the 2nd quarter valued at about $21,453,000. Bank of Montreal Can grew its position 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 valued at $25,379,000 after purchasing an additional 489,932 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Stellantis by 2.4% during 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 in the last quarter. Institutional investors own 59.48% of the company’s stock.
Stellantis Stock Up 2.7 %
STLA stock opened at $16.06 on Friday. Stellantis has a twelve month low of $14.76 and a twelve month high of $29.51. The company has a market cap of $50.31 billion, a price-to-earnings ratio of 3.21, a P/E/G ratio of 0.27 and a beta of 1.63. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $16.21 and a two-hundred day moving average price of $20.87.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Stellantis
Insider Activity at Stellantis
In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the transaction, the insider now 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 SEC, which is available through this link. 0.02% of the stock is owned by company insiders.
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.
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