Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Stellantis (NYSE:STLA)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Stellantis (NYSE:STLA) by 464.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,246,800 shares of the company’s stock after purchasing an additional 2,671,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.10% of Stellantis worth $45,618,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted 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 valued at $194,755,000 after purchasing an additional 43,159 shares during the last quarter. AustralianSuper Pty Ltd increased its position in Stellantis by 26.3% during the third 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 last quarter. Dimensional Fund Advisors LP increased its position in Stellantis by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock valued at $177,163,000 after acquiring an additional 1,425,814 shares during the last quarter. Dnca Finance purchased a new stake in Stellantis during the second quarter valued at $75,331,000. Finally, FMR LLC increased its position in Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on STLA shares. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Evercore ISI started coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Trading Up 1.4 %

Shares of STLA opened at $12.79 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The business has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $17.09. Stellantis has a 52 week low of $12.57 and a 52 week high of $29.51.

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.