Quantbot Technologies LP Sells 232,792 Shares of Stellantis (NYSE:STLA)

Quantbot Technologies LP decreased its position in Stellantis (NYSE:STLA - Free Report) by 59.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its holdings in Stellantis by 282.2% in the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock valued at $94,717,000 after acquiring an additional 5,359,190 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Stellantis in the fourth quarter valued at $53,858,000. Franklin Resources Inc. grew its position in Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the period. AustralianSuper Pty Ltd increased its stake in Stellantis by 34.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock worth $159,495,000 after acquiring an additional 3,121,462 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Stellantis by 464.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock worth $45,618,000 after purchasing an additional 2,671,500 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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Stellantis Trading Down 1.0 %

Shares of STLA stock traded down $0.12 during trading hours on Thursday, reaching $11.85. 37,993,950 shares of the stock traded hands, compared to its average volume of 9,096,863. Stellantis has a 1-year low of $11.40 and a 1-year 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 firm has a market capitalization of $35.81 billion, a PE ratio of 3.47 and a beta of 1.64. The business has a fifty day moving average price of $13.00 and a 200 day moving average price of $13.35.

Analyst Ratings Changes

A number of brokerages have weighed in on STLA. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, Cowen started coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.27.

About Stellantis

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.