Natixis Advisors LLC Trims Holdings in Stellantis (NYSE:STLA)

Natixis Advisors LLC lowered its stake in shares of Stellantis (NYSE:STLA) by 16.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 102,380 shares of the company’s stock after selling 20,665 shares during the quarter. Natixis Advisors LLC’s holdings in Stellantis were worth $1,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AustralianSuper Pty Ltd raised its stake in Stellantis by 34.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after buying an additional 3,121,462 shares in the last quarter. Conifer Management L.L.C. increased its holdings in shares of Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after acquiring an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. raised its position 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 valued at $102,340,000 after acquiring an additional 3,252,492 shares in the last quarter. Banco Santander S.A. lifted its stake in Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock worth $94,717,000 after purchasing an additional 5,359,190 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after purchasing an additional 802,497 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of NYSE:STLA opened at $12.41 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $13.01 and its two-hundred day moving average is $13.36. The firm has a market capitalization of $37.52 billion, a P/E ratio of 3.64 and a beta of 1.64. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.03.

Wall Street Analyst Weigh In

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

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.