Alberta Investment Management Corp Invests $15.86 Million in Stellantis N.V. $STLA

Alberta Investment Management Corp acquired a new position in Stellantis N.V. (NYSE:STLA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,430,000 shares of the company’s stock, valued at approximately $15,855,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Stellantis by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after buying an additional 1,150,400 shares in the last quarter. Norges Bank purchased a new stake in shares of Stellantis in the fourth quarter worth $553,692,000. Banco Santander S.A. raised its position in shares of Stellantis by 99.9% in the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock worth $207,413,000 after buying an additional 9,520,576 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after buying an additional 10,337,920 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Stellantis by 353.2% in the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock worth $167,481,000 after buying an additional 11,803,688 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on STLA. Freedom Capital upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, May 22nd. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Truist Financial set a $9.00 price target on Stellantis in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and a consensus target price of $10.91.

Stellantis Stock Up 2.3%

Shares of NYSE:STLA opened at $7.03 on Tuesday. The stock’s 50-day moving average price is $7.69 and its 200-day moving average price is $8.68. Stellantis N.V. has a 12-month low of $6.28 and a 12-month high of $12.22. The stock has a market capitalization of $26.44 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.41. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion for the quarter. On average, equities analysts anticipate that Stellantis N.V. will post 0.55 earnings per share for the current year.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.