Central Pacific Bank Trust Division Increases Stock Position in Stellantis (NYSE:STLA)

Central Pacific Bank Trust Division lifted its holdings in shares of Stellantis (NYSE:STLA) by 160.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,500 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Central Pacific Bank Trust Division’s holdings in Stellantis were worth $85,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in 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 during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Stellantis during the third quarter worth about $1,324,000. Te Ahumairangi Investment Management Ltd raised its position in shares of Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after buying an additional 118,635 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Stellantis by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock valued at $2,552,000 after buying an additional 8,988 shares during the period. Finally, Virtu Financial LLC boosted its position in Stellantis by 148.8% during the third quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock worth $679,000 after acquiring an additional 28,891 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

STLA stock opened at $12.53 on Monday. The stock’s fifty day moving average is $13.23 and its two-hundred day moving average is $15.36. The stock has a market capitalization of $39.25 billion, a price-to-earnings ratio of 4.11, a PEG ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.34.

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.