Te Ahumairangi Investment Management Ltd Sells 208,420 Shares of Stellantis N.V. $STLA

Te Ahumairangi Investment Management Ltd lowered its stake in shares of Stellantis N.V. (NYSE:STLA) by 28.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 515,543 shares of the company’s stock after selling 208,420 shares during the quarter. Stellantis comprises 1.0% of Te Ahumairangi Investment Management Ltd’s portfolio, making the stock its 28th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Stellantis were worth $5,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Stellantis by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after purchasing an additional 1,150,400 shares during the period. Norges Bank bought a new position in shares of Stellantis in the fourth quarter worth about $553,692,000. Franklin Resources Inc. increased its stake in shares of Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after purchasing an additional 10,337,920 shares during the period. Quadrature Capital Ltd increased its stake in shares of Stellantis by 6,148.4% in the third quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock worth $137,891,000 after purchasing an additional 14,706,375 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Stellantis by 3.2% in the fourth quarter. Legal & General Group Plc now owns 13,510,286 shares of the company’s stock worth $150,002,000 after purchasing an additional 421,069 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 5.1%

Shares of STLA opened at $6.90 on Friday. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 0.42 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 12 month low of $6.28 and a 12 month high of $12.22. The company has a 50-day moving average price of $7.71 and a two-hundred day moving average price of $8.73.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion for the quarter. Equities analysts predict that Stellantis N.V. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STLA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, TD Cowen reissued a “hold” rating on shares of Stellantis in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average target price of $10.91.

Stellantis Profile

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.