Public Employees Retirement System of Ohio Purchases New Shares in Stellantis (NYSE:STLA)

Public Employees Retirement System of Ohio acquired a new stake in Stellantis (NYSE:STLA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,195,665 shares of the company’s stock, valued at approximately $16,558,000.

Several other institutional investors also recently bought and sold shares of STLA. Sequoia Financial Advisors LLC lifted its holdings in Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after purchasing an additional 636 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Stellantis by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock valued at $214,000 after buying an additional 707 shares during the last quarter. CWM LLC lifted its stake in Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after buying an additional 874 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Stellantis by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after purchasing an additional 971 shares in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Trading Up 1.2 %

Shares of NYSE STLA opened at $13.90 on Wednesday. The company has a 50 day simple moving average of $13.27 and a 200 day simple moving average of $16.43. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.