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

AustralianSuper Pty Ltd lifted its position in Stellantis (NYSE:STLA) by 34.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,210,877 shares of the company’s stock after acquiring an additional 3,121,462 shares during the period. AustralianSuper Pty Ltd owned 0.40% of Stellantis worth $159,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares during the last quarter. Four Tree Island Advisory LLC acquired a new stake in Stellantis during the 4th quarter worth about $2,019,000. World Investment Advisors LLC purchased a new position in shares of Stellantis during the 3rd quarter valued at about $1,324,000. Finally, Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Stellantis by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after buying an additional 118,635 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE STLA opened at $13.54 on Friday. The stock has a 50-day moving average of $13.10 and a 200 day moving average of $14.02. 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 twelve month low of $12.12 and a twelve month high of $29.51.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI began coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.