OLD National Bancorp IN Has $254,000 Stock Position in Stellantis (NYSE:STLA)

OLD National Bancorp IN cut its holdings in Stellantis (NYSE:STLA) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,100 shares of the company’s stock after selling 1,024 shares during the period. OLD National Bancorp IN’s holdings in Stellantis were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Stellantis in the second quarter valued at approximately $25,000. Central Pacific Bank Trust Division acquired a new position in Stellantis during the 3rd quarter worth $35,000. ORG Partners LLC bought a new stake in Stellantis during the second quarter valued at about $38,000. Ridgewood Investments LLC acquired a new stake in shares of Stellantis in the second quarter valued at about $54,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Stellantis in the second quarter worth about $91,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STLA has been the subject of several recent analyst reports. Sanford C. Bernstein started coverage on Stellantis in a research note on Friday, June 28th. They set a “market perform” rating and a $23.50 target price for the company. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.34.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.02% of the company’s stock.

Stellantis Trading Up 1.4 %

STLA stock opened at $13.31 on Thursday. Stellantis has a 1-year low of $12.74 and a 1-year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $14.97 and its 200-day moving average is $19.02. The firm has a market cap of $41.70 billion, a P/E ratio of 3.71, a P/E/G ratio of 0.35 and a beta of 1.62.

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.