AustralianSuper Pty Ltd Reduces Holdings in Stellantis N.V. $STLA

AustralianSuper Pty Ltd lowered its position in shares of Stellantis N.V. (NYSE:STLA) by 83.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,099,250 shares of the company’s stock after selling 10,469,686 shares during the period. AustralianSuper Pty Ltd owned approximately 0.07% of Stellantis worth $19,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in STLA. AQR Capital Management LLC lifted its stake in shares of Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares during the last quarter. Focus Partners Wealth lifted its position in Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after buying an additional 4,135 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Stellantis during the second quarter worth about $125,000. Envestnet Asset Management Inc. increased its position in shares of Stellantis by 58.5% during the second quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock valued at $1,696,000 after acquiring an additional 62,444 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Stellantis in the 2nd quarter worth approximately $269,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Trading Down 1.8%

STLA stock opened at $7.50 on Wednesday. The business’s 50-day moving average is $9.38 and its two-hundred day moving average is $9.98. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Stellantis N.V. has a 1 year low of $7.03 and a 1 year high of $13.09.

Wall Street Analyst Weigh In

STLA has been the subject of several research reports. Wolfe Research upgraded shares of Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Freedom Capital cut Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Monday. HSBC reissued a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. BNP Paribas Exane cut Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group upgraded shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Stellantis has an average rating of “Hold” and an average price target of $11.31.

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.