Signaturefd LLC Lowers Holdings in Stellantis (NYSE:STLA)

Signaturefd LLC lowered its position in Stellantis (NYSE:STLA) by 12.0% during the 3rd quarter, Holdings Channel reports. The firm owned 71,051 shares of the company’s stock after selling 9,686 shares during the quarter. Signaturefd LLC’s holdings in Stellantis were worth $998,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its position in shares of Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after buying an additional 17,261,955 shares in the last quarter. Capital World Investors raised its holdings in Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after purchasing an additional 5,336,868 shares in the last quarter. M&G Plc purchased a new stake in shares of Stellantis during the first quarter valued at about $128,254,000. Dnca Finance bought a new stake in shares of Stellantis in the 2nd quarter valued at about $75,331,000. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in shares of Stellantis by 184,881.3% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock valued at $87,424,000 after buying an additional 3,087,517 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on STLA shares. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average price target of $27.34.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is owned by corporate insiders.

Stellantis Trading Up 1.4 %

Shares of NYSE:STLA opened at $13.31 on Thursday. 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 52-week low of $12.74 and a 52-week high of $29.51. The stock has a market cap of $41.70 billion, a price-to-earnings ratio of 3.71, a PEG ratio of 0.35 and a beta of 1.62. The business has a 50-day moving average price of $14.97 and a 200-day moving average price of $19.02.

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.