Boston Partners Trims Position in Stellantis (NYSE:STLA)

Boston Partners lowered its position in Stellantis (NYSE:STLA) by 49.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STLA. Generali Asset Management SPA SGR purchased a new stake in shares of Stellantis in the 4th quarter valued at approximately $53,858,000. PDS Planning Inc acquired a new position in Stellantis in the fourth quarter valued at approximately $134,000. Corient Private Wealth LLC lifted its holdings in Stellantis by 10.4% in the fourth quarter. Corient Private Wealth LLC now owns 77,603 shares of the company’s stock valued at $1,013,000 after acquiring an additional 7,279 shares during the last quarter. Rakuten Securities Inc. raised its position in Stellantis by 792.6% in the fourth quarter. Rakuten Securities Inc. now owns 9,488 shares of the company’s stock valued at $124,000 after purchasing an additional 8,425 shares during the period. Finally, Great Lakes Advisors LLC raised its position in Stellantis by 8.6% in the fourth quarter. Great Lakes Advisors LLC now owns 144,809 shares of the company’s stock valued at $1,890,000 after purchasing an additional 11,465 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Thursday. Cowen assumed coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Finally, TD Cowen assumed 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. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and an average target price of $19.27.

Stellantis Trading Down 0.9 %

STLA opened at $12.07 on Friday. 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 stock has a market capitalization of $36.47 billion, a price-to-earnings ratio of 3.54 and a beta of 1.64. The business has a fifty day moving average price of $13.01 and a 200 day moving average price of $13.42. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.51.

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.