Optas LLC Purchases New Position in Stellantis (NYSE:STLA)

Optas LLC acquired a new position in Stellantis (NYSE:STLA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,514 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also bought and sold shares of the company. AustralianSuper Pty Ltd lifted its position in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after acquiring an additional 1,894,146 shares during the period. Conifer Management L.L.C. lifted its holdings in shares of Stellantis by 26.4% during the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Stellantis by 30.4% in the 3rd 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Stellantis by 464.4% in 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 buying an additional 2,671,500 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Up 4.1 %

Shares of NYSE:STLA opened at $13.14 on Wednesday. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The stock’s fifty day moving average price is $13.06 and its 200-day moving average price is $14.25. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Separately, Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis 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.