Teachers Retirement System of The State of Kentucky Decreases Stake in Stellantis (NYSE:STLA)

Teachers Retirement System of The State of Kentucky decreased its holdings in Stellantis (NYSE:STLA) by 41.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 409,000 shares of the company’s stock after selling 289,900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stellantis were worth $5,746,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Empire Financial Management Company LLC purchased a new stake in shares of Stellantis during the 3rd quarter worth approximately $1,029,000. Brophy Wealth Management LLC acquired a new position in Stellantis during the third quarter worth $144,000. Public Employees Retirement System of Ohio purchased a new stake in Stellantis during the third quarter worth $16,558,000. Zurich Insurance Group Ltd FI grew its holdings in Stellantis by 61.8% in the third quarter. Zurich Insurance Group Ltd FI now owns 1,923,653 shares of the company’s stock valued at $26,598,000 after purchasing an additional 735,096 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Stellantis by 5.1% during the 3rd quarter. National Bank of Canada FI now owns 314,071 shares of the company’s stock worth $4,409,000 after buying an additional 15,146 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of STLA opened at $13.72 on Friday. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The stock has a fifty day moving average of $13.29 and a two-hundred day moving average of $16.39. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STLA. Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average price target of $27.34.

About Stellantis

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.