AustralianSuper Pty Ltd Increases Stake in Stellantis (NYSE:STLA)

AustralianSuper Pty Ltd increased its stake in Stellantis (NYSE:STLA) by 26.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,089,415 shares of the company’s stock after buying an additional 1,894,146 shares during the period. AustralianSuper Pty Ltd owned 0.29% of Stellantis worth $125,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STLA. Mediolanum International Funds Ltd boosted its holdings in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock worth $9,426,000 after acquiring an additional 99,388 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after buying an additional 89,594 shares during the period. Capital Research Global Investors raised its stake in Stellantis by 5.2% in the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares in the last quarter. Sei Investments Co. lifted its holdings in Stellantis by 39.2% during the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock worth $6,048,000 after buying an additional 60,177 shares during the period. Finally, Bank of Montreal Can boosted its position in Stellantis by 62.1% during the 2nd quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock valued at $25,379,000 after acquiring an additional 489,932 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group reissued a “hold” rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Trading Up 2.6 %

Shares of STLA stock traded up $0.34 during trading hours on Thursday, hitting $13.57. The stock had a trading volume of 3,286,199 shares, compared to its average volume of 6,833,235. 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 stock’s 50 day moving average is $14.66 and its 200 day moving average is $18.52. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.