United Services Automobile Association Sells 5,016 Shares of Stellantis (NYSE:STLA)

United Services Automobile Association reduced its stake in Stellantis (NYSE:STLA) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,217 shares of the company’s stock after selling 5,016 shares during the quarter. United Services Automobile Association’s holdings in Stellantis were worth $814,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Banco Santander S.A. grew its position in shares of Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after purchasing an additional 5,359,190 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Stellantis in the 4th quarter valued at approximately $53,858,000. Franklin Resources Inc. grew its holdings in Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after buying an additional 3,252,492 shares during the last quarter. AustralianSuper Pty Ltd increased its position in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after buying an additional 3,121,462 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after buying an additional 2,671,500 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 1.8 %

Shares of STLA stock opened at $12.29 on Tuesday. The firm has a fifty day moving average of $13.01 and a 200-day moving average of $13.38. The stock has a market cap of $37.14 billion, a price-to-earnings ratio of 3.60 and a beta of 1.64. Stellantis has a 52-week low of $11.40 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on STLA shares. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.27.

About Stellantis

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.