Stellantis (NYSE:STLA) Shares Sold by Boston Partners

Boston Partners decreased its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 49.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,531 shares of the company's stock after selling 70,031 shares during the quarter. Boston Partners' holdings in Stellantis were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in Stellantis in the fourth quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Spire Wealth Management grew its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Stellantis by 160.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $85,000 after buying an additional 4,000 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Stellantis in the 4th quarter worth $85,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of STLA traded down $0.44 during mid-day trading on Wednesday, hitting $11.97. The stock had a trading volume of 30,406,227 shares, compared to its average volume of 8,959,246. Stellantis has a fifty-two week low of $11.40 and a fifty-two week high of $29.03. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $36.17 billion, a PE ratio of 3.51 and a beta of 1.64. The company's fifty day simple moving average is $13.01 and its two-hundred day simple moving average is $13.36.

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Analyst Ratings Changes

STLA has been the topic of a number of analyst reports. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating on the stock. 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 report on Thursday, March 20th. Finally, TD Cowen started coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of "Hold" and a consensus target price 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.