Quantbot Technologies LP Has $2.07 Million Stock Holdings in Stellantis (NYSE:STLA)

Quantbot Technologies LP trimmed its position in Stellantis (NYSE:STLA) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,353 shares of the company’s stock after selling 232,792 shares during the quarter. Quantbot Technologies LP’s holdings in Stellantis were worth $2,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after purchasing an additional 145,583 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in shares of Stellantis during the 4th quarter worth $2,019,000. World Investment Advisors LLC acquired a new stake in shares of Stellantis during the 3rd quarter worth $1,324,000. Sound Income Strategies LLC grew its holdings in shares of Stellantis by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock worth $4,145,000 after purchasing an additional 37,627 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its holdings in shares of Stellantis by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after purchasing an additional 118,635 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

Stellantis stock opened at $12.07 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $36.47 billion, a PE ratio of 3.54 and a beta of 1.64. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.51. The stock has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $13.41.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Cowen assumed coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen assumed coverage on Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Finally, Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a research report on Thursday. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.27.

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.