Parametrica Management Ltd Purchases New Position in Stellantis (NYSE:STLA)

Parametrica Management Ltd acquired a new position in shares of Stellantis (NYSE:STLA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,200 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the company. Banco Santander S.A. grew its position in Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after buying an additional 5,359,190 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Stellantis during the 4th quarter valued at about $53,858,000. Franklin Resources Inc. increased its stake 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 valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after purchasing an additional 3,121,462 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Up 1.1 %

NYSE STLA opened at $12.41 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market capitalization of $37.52 billion, a P/E ratio of 3.64 and a beta of 1.64. The firm’s 50-day moving average is $13.01 and its two-hundred day moving average is $13.36. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.03.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STLA. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective on the stock. Finally, Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a “hold” rating for the company. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis has an average rating of “Hold” and an average target price of $19.27.

Stellantis Company 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.