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

Franklin Resources Inc. grew its holdings in Stellantis (NYSE:STLA) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,563,705 shares of the company’s stock after purchasing an additional 1,958,142 shares during the quarter. Franklin Resources Inc.’s holdings in Stellantis were worth $124,309,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STLA. Geneos Wealth Management Inc. purchased a new stake in Stellantis during the 4th quarter worth about $26,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $48,000 after buying an additional 1,489 shares during the period. Spire Wealth Management boosted its position in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after acquiring an additional 4,000 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Stellantis in the 4th quarter valued at $85,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Up 1.6 %

STLA opened at $11.27 on Thursday. The company has a market cap of $34.07 billion, a PE ratio of 3.30 and a beta of 1.64. 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 $10.93 and a 1 year high of $27.56. The firm has a 50 day moving average price of $12.84 and a 200 day moving average price of $13.21.

Analyst Upgrades and Downgrades

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