Mitsubishi UFJ Trust & Banking Corp Has $17.97 Million Holdings in Stellantis (NYSE:STLA)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Stellantis (NYSE:STLA) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,368,661 shares of the company’s stock after selling 78,743 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Stellantis were worth $17,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Stellantis by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Stellantis by 34.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after buying an additional 3,121,462 shares during the period. Conifer Management L.L.C. grew its position in Stellantis by 26.4% during the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after buying an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. increased its stake in Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the period. Finally, Banco Santander S.A. raised its holdings in Stellantis by 282.2% in the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after acquiring an additional 5,359,190 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 1.0 %

Shares of NYSE STLA opened at $11.85 on Friday. Stellantis has a 1-year low of $11.40 and a 1-year high of $28.76. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $12.98 and a two-hundred day moving average of $13.34. The company has a market cap of $35.81 billion, a PE ratio of 3.47 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. 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 target for the company. Finally, Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.27.

Stellantis 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.