1,430,000 Shares in Stellantis N.V. $STLA Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in Stellantis N.V. (NYSE:STLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,430,000 shares of the company’s stock, valued at approximately $15,855,000.

Several other large investors also recently modified their holdings of STLA. AQR Capital Management LLC grew its stake in shares of Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after purchasing an additional 33,429 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after purchasing an additional 4,135 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Stellantis in the second quarter worth about $154,000. EverSource Wealth Advisors LLC grew its stake in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Stellantis by 9.2% in the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock worth $657,000 after purchasing an additional 5,542 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Performance

Stellantis stock opened at $7.03 on Tuesday. The stock’s 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $8.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03. The stock has a market cap of $26.44 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 0.44 and a beta of 1.41. Stellantis N.V. has a fifty-two week low of $6.28 and a fifty-two week high of $12.22.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $44.14 billion for the quarter. As a group, analysts expect that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on STLA. Loop Capital set a $8.00 target price on Stellantis in a research note on Monday, March 2nd. Kepler Capital Markets cut Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Truist Financial set a $9.00 price objective on Stellantis in a research report on Friday, May 22nd. Finally, Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.91.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.