Stellantis (NYSE:STLA) Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in Stellantis (NYSE:STLA - Free Report) by 74.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,605,563 shares of the company's stock after purchasing an additional 3,252,492 shares during the quarter. Franklin Resources Inc. owned about 0.24% of Stellantis worth $102,340,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its position in Stellantis by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company's stock valued at $194,755,000 after buying an additional 43,159 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the period. Conifer Management L.L.C. increased its holdings in Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock valued at $126,450,000 after purchasing an additional 1,880,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Stellantis by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company's stock valued at $177,163,000 after purchasing an additional 1,425,814 shares during the period. Finally, Quadrature Capital Ltd raised its position in Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock valued at $47,752,000 after purchasing an additional 802,497 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Price Performance

NYSE:STLA traded down $0.77 during midday trading on Monday, hitting $13.18. 13,845,813 shares of the stock were exchanged, compared to its average volume of 7,229,074. The business has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $16.25. 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 $41.29 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.45 and a beta of 1.60. Stellantis has a one year low of $12.12 and a one year high of $29.51.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays downgraded Stellantis from an "overweight" rating to an "equal weight" rating in a research note on Thursday, October 3rd. Royal Bank of Canada reiterated a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Finally, Wolfe Research restated a "peer perform" rating on shares of Stellantis in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.34.

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.