Stellantis (NYSE:STLA) is Exane Asset Management’s 6th Largest Position

Exane Asset Management grew its position in Stellantis (NYSE:STLA) by 4.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,056,129 shares of the company’s stock after purchasing an additional 48,060 shares during the period. Stellantis comprises about 7.7% of Exane Asset Management’s investment portfolio, making the stock its 6th largest holding. Exane Asset Management’s holdings in Stellantis were worth $13,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted 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 purchasing an additional 2,671,500 shares during the last quarter. Banco Santander S.A. purchased a new stake in shares of Stellantis during the third quarter valued at $26,679,000. AustralianSuper Pty Ltd grew its holdings in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the last quarter. Finally, Conifer Management L.L.C. increased its stake 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 worth $126,450,000 after buying an additional 1,880,000 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Price Performance

NYSE:STLA opened at $12.97 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company has a 50-day moving average of $13.06 and a 200 day moving average of $14.18.

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.