Stellantis (NYSE:STLA) Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Stellantis (NYSE:STLA) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,368,661 shares of the company’s stock after selling 78,743 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Stellantis were worth $17,974,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on STLA shares. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Cowen initiated coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. Nine research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.27.

Stellantis Price Performance

NYSE STLA opened at $11.85 on Friday. Stellantis has a 1 year low of $11.40 and a 1 year high of $28.76. The company has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $13.34. 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 cap of $35.81 billion, a P/E ratio of 3.47 and a beta of 1.64.

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.