Amanah Holdings Trust Cuts Stock Position in Stellantis N.V. $STLA

Amanah Holdings Trust decreased its holdings in Stellantis N.V. (NYSE:STLA) by 71.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,200 shares of the company’s stock after selling 791,800 shares during the quarter. Stellantis accounts for about 0.6% of Amanah Holdings Trust’s holdings, making the stock its 14th biggest holding. Amanah Holdings Trust’s holdings in Stellantis were worth $3,000,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in Stellantis by 32.6% during the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after buying an additional 60,097 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Stellantis during the first quarter worth $119,000. National Bank of Canada FI raised its stake in shares of Stellantis by 10.3% in the first quarter. National Bank of Canada FI now owns 19,132 shares of the company’s stock valued at $214,000 after acquiring an additional 1,786 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Stellantis by 23.3% in the first quarter. HighTower Advisors LLC now owns 39,431 shares of the company’s stock valued at $442,000 after acquiring an additional 7,457 shares in the last quarter. Finally, Corient IA LLC purchased a new position in Stellantis in the first quarter valued at $123,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 0.2%

STLA stock opened at $11.78 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $14.28. The company’s 50 day moving average is $10.64 and its two-hundred day moving average is $10.02.

Stellantis (NYSE:STLA) last posted its earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The company had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. As a group, equities research analysts expect that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

Analyst Ratings Changes

STLA has been the topic of several recent research reports. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a report on Friday, September 19th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, BNP Paribas lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average target price of $11.75.

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.