Te Ahumairangi Investment Management Ltd Sells 208,420 Shares of Stellantis N.V. $STLA

Te Ahumairangi Investment Management Ltd decreased its holdings in Stellantis N.V. (NYSE:STLA) by 28.8% in the 4th quarter, HoldingsChannel reports. The firm owned 515,543 shares of the company’s stock after selling 208,420 shares during the quarter. Stellantis accounts for approximately 1.0% of Te Ahumairangi Investment Management Ltd’s portfolio, making the stock its 28th largest position. Te Ahumairangi Investment Management Ltd’s holdings in Stellantis were worth $5,726,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of STLA. AQR Capital Management LLC raised its position in Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after purchasing an additional 4,135 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Stellantis during the second quarter valued at approximately $154,000. EverSource Wealth Advisors LLC grew its stake in shares of Stellantis by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Stellantis by 9.2% during the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after purchasing an additional 5,542 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

STLA has been the topic of several research analyst reports. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Loop Capital set a $8.00 price target on shares of Stellantis in a research note on Monday, March 2nd. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Kepler Capital Markets cut Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.91.

Stellantis Trading Up 5.1%

NYSE:STLA opened at $6.90 on Friday. Stellantis N.V. has a fifty-two week low of $6.28 and a fifty-two week high of $12.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The stock has a market capitalization of $25.99 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. The business’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $8.73.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business had revenue of $44.14 billion for the quarter. Sell-side analysts expect that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.