Stellantis (NYSE:STLA) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in shares of Stellantis (NYSE:STLA) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,045 shares of the company’s stock after selling 51,038 shares during the quarter. Natixis Advisors LLC’s holdings in Stellantis were worth $1,729,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in Stellantis by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after buying an additional 43,159 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after acquiring an additional 1,894,146 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stellantis by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock worth $177,163,000 after acquiring an additional 1,425,814 shares during the last quarter. Dnca Finance purchased a new stake in Stellantis in the 2nd quarter valued at $75,331,000. Finally, The Manufacturers Life Insurance Company raised its position in Stellantis by 15.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,012,091 shares of the company’s stock valued at $59,551,000 after purchasing an additional 400,719 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the topic of several research reports. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Price Performance

Shares of STLA stock opened at $13.37 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12-month low of $12.68 and a 12-month high of $29.51. The stock has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $17.16.

About Stellantis

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.