Stellantis (NASDAQ:STLA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in shares of Stellantis (NASDAQ:STLAGet Rating) by 8.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 154,260 shares of the company’s stock after selling 14,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stellantis were worth $2,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. San Luis Wealth Advisors LLC acquired a new stake in Stellantis during the 1st quarter worth about $28,000. CWM LLC lifted its position in Stellantis by 129.8% during the 1st quarter. CWM LLC now owns 2,859 shares of the company’s stock worth $47,000 after acquiring an additional 1,615 shares during the period. Quadrant Capital Group LLC lifted its position in Stellantis by 36.2% during the 1st quarter. Quadrant Capital Group LLC now owns 8,859 shares of the company’s stock worth $144,000 after acquiring an additional 2,355 shares during the period. Itau Unibanco Holding S.A. lifted its position in Stellantis by 22.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 10,016 shares of the company’s stock worth $188,000 after acquiring an additional 1,835 shares during the period. Finally, Keebeck Alpha LP acquired a new stake in Stellantis during the 1st quarter worth about $175,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $13.61 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.17. Stellantis has a twelve month low of $11.37 and a twelve month high of $21.92. The business has a 50-day moving average price of $13.75 and a 200 day moving average price of $14.14.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Stellantis from €19.00 ($19.39) to €21.00 ($21.43) and gave the company a “sector perform” rating in a report on Tuesday, August 2nd. BNP Paribas cut Stellantis from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 28th. UBS Group decreased their price objective on Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a report on Friday, July 8th. Finally, Exane BNP Paribas cut Stellantis from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Stellantis Company Profile

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Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

Further Reading

Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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