Healthcare of Ontario Pension Plan Trust Fund Acquires 2,671,500 Shares of Stellantis (NYSE:STLA)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Stellantis (NYSE:STLA) by 464.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,246,800 shares of the company’s stock after acquiring an additional 2,671,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Stellantis were worth $45,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its stake in shares of Stellantis by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after acquiring an additional 43,159 shares during the period. AustralianSuper Pty Ltd boosted its stake in Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after buying an additional 1,894,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Stellantis by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock valued at $177,163,000 after buying an additional 1,425,814 shares during the last quarter. Dnca Finance bought a new position in Stellantis during the second quarter valued at approximately $75,331,000. Finally, FMR LLC boosted its stake in Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after buying an additional 145,583 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 1.4 %

Shares of STLA stock opened at $12.79 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock’s 50 day simple moving average is $13.68 and its two-hundred day simple moving average is $17.09. Stellantis has a 1 year low of $12.57 and a 1 year high of $29.51.

Analysts Set New Price Targets

A number of brokerages recently commented on STLA. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.