CHICAGO TRUST Co NA Has $245,000 Stock Holdings in Stellantis (NYSE:STLA)

CHICAGO TRUST Co NA boosted its holdings in shares of Stellantis (NYSE:STLA) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,424 shares of the company’s stock after purchasing an additional 2,361 shares during the period. CHICAGO TRUST Co NA’s holdings in Stellantis were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in STLA. Capital International Investors increased its position in shares of Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after purchasing an additional 17,261,955 shares in the last quarter. Capital World Investors raised its stake in shares of Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock valued at $390,811,000 after acquiring an additional 5,336,868 shares during the last quarter. M&G Plc bought a new position in shares of Stellantis in the first quarter valued at approximately $128,254,000. Dnca Finance acquired a new position in shares of Stellantis in the 2nd quarter worth approximately $75,331,000. Finally, ANTIPODES PARTNERS Ltd increased its holdings in Stellantis by 184,881.3% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock valued at $87,424,000 after purchasing an additional 3,087,517 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Stock Performance

Shares of Stellantis stock opened at $13.24 on Tuesday. The firm has a fifty day moving average of $15.26 and a two-hundred day moving average of $19.63. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51.

Stellantis 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.