Stellantis (NYSE:STLA) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in Stellantis (NYSE:STLA) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,563,705 shares of the company’s stock after purchasing an additional 1,958,142 shares during the quarter. Franklin Resources Inc. owned approximately 0.32% of Stellantis worth $124,309,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its position in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after acquiring an additional 1,149 shares during the period. Spire Wealth Management grew its stake in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after purchasing an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the period. Finally, Caprock Group LLC grew its position in Stellantis by 6.9% in the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after buying an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of NYSE:STLA opened at $11.27 on Thursday. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 3.30 and a beta of 1.64. 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 business’s 50 day simple moving average is $12.84 and its 200-day simple moving average is $13.21. Stellantis has a 12 month low of $10.93 and a 12 month high of $27.56.

Analyst Ratings Changes

A number of equities analysts have commented on STLA shares. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Finally, Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $19.27.

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.