OLD National Bancorp IN Sells 1,024 Shares of Stellantis (NYSE:STLA)

OLD National Bancorp IN decreased its holdings in Stellantis (NYSE:STLA) by 5.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,100 shares of the company’s stock after selling 1,024 shares during the quarter. OLD National Bancorp IN’s holdings in Stellantis were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital International Investors raised its holdings in shares of Stellantis by 329.3% in the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock valued at $639,609,000 after buying an additional 17,261,955 shares during the last quarter. Capital World Investors raised its stake in shares of 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 acquiring an additional 5,336,868 shares during the last quarter. M&G Plc acquired a new position in shares of Stellantis during the first quarter worth approximately $128,254,000. Dnca Finance bought a new stake in shares of Stellantis during the second quarter valued at approximately $75,331,000. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of Stellantis by 184,881.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock valued at $87,424,000 after purchasing an additional 3,087,517 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Stellantis has an average rating of “Hold” and an average price target of $27.34.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.02% of the company’s stock.

Stellantis Stock Up 1.4 %

Stellantis stock opened at $13.31 on Thursday. Stellantis has a fifty-two week low of $12.74 and a fifty-two week high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm has a market capitalization 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 company’s 50 day simple moving average is $14.97 and its 200 day simple moving average is $19.02.

Stellantis Company Profile

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.