Amanah Holdings Trust Lowers Stake in Stellantis N.V. $STLA

Amanah Holdings Trust trimmed its holdings in Stellantis N.V. (NYSE:STLA) by 71.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 321,200 shares of the company’s stock after selling 791,800 shares during the quarter. Stellantis comprises 0.6% of Amanah Holdings Trust’s investment portfolio, making the stock its 14th largest holding. Amanah Holdings Trust’s holdings in Stellantis were worth $3,000,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in STLA. FNY Investment Advisers LLC purchased a new position in shares of Stellantis during the second quarter worth about $28,000. SVB Wealth LLC purchased a new position in shares of Stellantis in the 1st quarter valued at approximately $35,000. Atlantic Union Bankshares Corp acquired a new position in shares of Stellantis in the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its stake in shares of Stellantis by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stellantis during the second quarter worth approximately $74,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Down 0.2%

NYSE STLA opened at $11.78 on Monday. The business has a 50 day moving average price of $10.64 and a 200 day moving average price of $10.02. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $14.28. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Stellantis (NYSE:STLA) last posted its earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. As a group, analysts anticipate that Stellantis N.V. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane started coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective on the stock. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.75.

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.