Manning & Napier Advisors LLC Sells 17,480 Shares of Stellantis (NYSE:STLA)

Manning & Napier Advisors LLC lowered its stake in Stellantis (NYSE:STLA) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 204,503 shares of the company’s stock after selling 17,480 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Stellantis were worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of STLA. Geneos Wealth Management Inc. bought a new position in Stellantis in the fourth quarter valued at approximately $26,000. Waldron Private Wealth LLC bought a new position in Stellantis in the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis in the third quarter valued at approximately $35,000. Cromwell Holdings LLC lifted its stake in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Stellantis in the third quarter valued at approximately $47,000. Institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STLA shares. Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of STLA opened at $13.52 on Friday. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company’s fifty day simple moving average is $13.06 and its 200 day simple moving average is $14.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

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.