Stellantis N.V. $STLA Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Stellantis N.V. (NYSE:STLA) by 23.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 588,507 shares of the company’s stock after selling 180,944 shares during the period. The Manufacturers Life Insurance Company’s holdings in Stellantis were worth $4,088,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Stellantis by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after buying an additional 33,429 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Stellantis by 37.2% in the 1st 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 period. M&T Bank Corp purchased a new stake in shares of Stellantis in the second quarter valued at approximately $154,000. EverSource Wealth Advisors LLC boosted its stake in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after buying an additional 2,448 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Stellantis by 9.2% during the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock worth $657,000 after acquiring an additional 5,542 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Down 1.3%

STLA stock opened at $5.55 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The company’s 50 day simple moving average is $6.17 and its 200-day simple moving average is $7.27. Stellantis N.V. has a 12 month low of $5.25 and a 12 month high of $12.22. The firm has a market capitalization of $20.91 billion, a PE ratio of 14.24, a P/E/G ratio of 0.32 and a beta of 1.45.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion for the quarter. Equities analysts expect that Stellantis N.V. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on STLA shares. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Stellantis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. Finally, UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average target price of $8.66.

Stellantis Company 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.