Blue Trust Inc. Sells 16,986 Shares of Stellantis (NYSE:STLA)

Blue Trust Inc. trimmed its stake in Stellantis (NYSE:STLA) by 52.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,468 shares of the company’s stock after selling 16,986 shares during the quarter. Blue Trust Inc.’s holdings in Stellantis were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after acquiring an additional 3,121,462 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after acquiring an additional 2,671,500 shares during the period. Banco Santander S.A. bought a new position in shares of Stellantis during the 3rd quarter worth approximately $26,679,000. Finally, Conifer Management L.L.C. boosted its stake in shares of Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after acquiring an additional 1,880,000 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of NYSE STLA opened at $13.90 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $13.93. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

Stellantis Company 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.