Stellantis N.V. $STLA Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its stake in shares of Stellantis N.V. (NYSE:STLA) by 45.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,853 shares of the company’s stock after selling 172,503 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Stellantis were worth $2,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STLA. Norges Bank acquired a new stake in Stellantis during the 2nd quarter worth approximately $384,724,000. Amundi lifted its holdings in shares of Stellantis by 41.0% during the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after purchasing an additional 32,206,884 shares during the period. AustralianSuper Pty Ltd grew its position in Stellantis by 18.1% in the 2nd quarter. AustralianSuper Pty Ltd now owns 12,568,936 shares of the company’s stock valued at $126,002,000 after buying an additional 1,922,363 shares during the last quarter. Jump Financial LLC increased its stake in Stellantis by 434.5% in the 2nd quarter. Jump Financial LLC now owns 2,276,667 shares of the company’s stock valued at $22,835,000 after buying an additional 1,850,688 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Stellantis by 202.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,458,333 shares of the company’s stock worth $24,657,000 after buying an additional 1,645,696 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on STLA. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a report on Friday, September 19th. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.75.

Stellantis Trading Down 0.9%

Shares of NYSE:STLA opened at $11.54 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. The business’s 50 day simple moving average is $10.76 and its 200-day simple moving average is $10.08. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $14.28.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The company had revenue of $87.44 billion during the quarter, compared to analysts’ expectations of $87.94 billion. Equities analysts anticipate that Stellantis N.V. will post 2.3 EPS for the current year.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.