Public Employees Retirement System of Ohio Invests $16.56 Million in Stellantis (NYSE:STLA)

Public Employees Retirement System of Ohio bought a new position in shares of Stellantis (NYSE:STLA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,195,665 shares of the company's stock, valued at approximately $16,558,000.

Several other hedge funds have also recently added to or reduced their stakes in STLA. Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company's stock worth $194,755,000 after acquiring an additional 43,159 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of 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 in the last quarter. Conifer Management L.L.C. lifted its holdings in shares of Stellantis by 26.4% during 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 buying an additional 1,880,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Stellantis by 19.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company's stock valued at $177,163,000 after buying an additional 1,425,814 shares during the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of Stellantis by 30.4% in the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock valued at $47,752,000 after buying an additional 802,497 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Down 0.4 %

Shares of NYSE:STLA traded down $0.06 during midday trading on Wednesday, hitting $13.83. The company's stock had a trading volume of 8,720,396 shares, compared to its average volume of 7,198,456. 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 stock's 50 day simple moving average is $13.28 and its 200 day simple moving average is $16.41. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Wolfe Research reiterated a "peer perform" rating on shares of Stellantis in a report on Thursday, September 5th. Barclays lowered Stellantis from an "overweight" rating to an "equal weight" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stellantis currently has an average rating of "Hold" and an average price target of $27.34.

Stellantis 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.