Stellantis (NYSE:STLA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Stellantis (NYSE:STLA) by 47.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,612,412 shares of the company’s stock after selling 2,352,783 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Stellantis worth $36,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after purchasing an additional 636 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in Stellantis by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock valued at $214,000 after purchasing an additional 707 shares during the period. CWM LLC raised its holdings in shares of Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after buying an additional 874 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Stellantis by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after buying an additional 971 shares during the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

STLA stock opened at $12.51 on Wednesday. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The firm has a 50 day moving average of $13.48 and a 200-day moving average of $16.81. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of recent research reports. Evercore ISI began coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Company Profile

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.