Royal London Asset Management Ltd. Grows Position in Stellantis (NYSE:STLA)

Royal London Asset Management Ltd. grew its position in shares of Stellantis (NYSE:STLA - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,495 shares of the company's stock after buying an additional 33,032 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Stellantis were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Remove Ads

Stellantis Trading Down 1.0 %

Shares of Stellantis stock traded down $0.12 on Thursday, reaching $11.85. The company had a trading volume of 37,993,950 shares, compared to its average volume of 9,096,861. The firm has a market cap of $35.81 billion, a price-to-earnings ratio of 3.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm's 50-day moving average price is $13.00 and its two-hundred day moving average price is $13.35. Stellantis has a 1 year low of $11.40 and a 1 year high of $29.03.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of recent research reports. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.