Stellantis (NYSE:STLA) Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its holdings in Stellantis (NYSE:STLA) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,089,415 shares of the company’s stock after acquiring an additional 1,894,146 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Stellantis were worth $125,597,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Stellantis during the second quarter valued at $25,000. Waldron Private Wealth LLC bought a new stake in shares of Stellantis during the 3rd quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis in the 3rd quarter worth approximately $35,000. ORG Partners LLC bought a new position in shares of Stellantis in the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC increased its stake in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after acquiring an additional 1,036 shares during the period. Institutional investors own 59.48% of the company’s stock.

Insider Buying and Selling

In other Stellantis 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, with a total value of $9,989,998.15. Following the purchase, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.02% of the stock is owned by corporate insiders.

Stellantis Price Performance

Shares of NYSE STLA traded up $0.34 during trading hours on Thursday, reaching $13.57. The stock had a trading volume of 3,286,199 shares, compared to its average volume of 6,833,235. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The business’s fifty day moving average is $14.66 and its two-hundred day moving average is $18.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STLA. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Company 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.