Stellantis (NYSE:STLA) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd reduced its position in shares of Stellantis (NYSE:STLA) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 470,500 shares of the company’s stock after selling 67,496 shares during the period. Stellantis comprises approximately 1.3% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 25th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Stellantis were worth $6,136,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in Stellantis in the fourth quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 last quarter. Spire Wealth Management grew its stake in Stellantis by 29.7% during the 4th 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 increased its position in Stellantis by 160.0% in the fourth 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 during the period. Finally, Life Planning Partners Inc acquired a new stake in Stellantis in the fourth quarter worth $85,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Down 1.1 %

Stellantis stock opened at $11.09 on Wednesday. Stellantis has a 12-month low of $10.95 and a 12-month high of $27.72. 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 $33.53 billion, a PE ratio of 3.25 and a beta of 1.64. The firm has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $13.23.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Finally, TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.