Amanah Holdings Trust Takes $11.15 Million Position in Stellantis N.V. $STLA

Key Points

• Amanah Holdings Trust has invested approximately $11.15 million in Stellantis N.V., acquiring 1,113,000 shares during the second quarter, making it the 13th largest position in their portfolio.
• Stellantis stock has experienced a volatile price range over the past year, with a 12-month low of $8.39 and a high of $16.29, currently trading around $9.35.
• Recent analyst ratings indicate a mix of opinions, with Bank of America downgrading the stock to a "neutral" rating and a consensus target price of $12.21 among analysts.

Amanah Holdings Trust purchased a new position in Stellantis N.V. (NYSE:STLA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,113,000 shares of the company's stock, valued at approximately $11,152,000. Stellantis comprises approximately 2.8% of Amanah Holdings Trust's holdings, making the stock its 13th biggest position.

A number of other institutional investors also recently bought and sold shares of STLA. Cetera Investment Advisers lifted its position in Stellantis by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 56,182 shares of the company's stock worth $734,000 after buying an additional 5,894 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Stellantis during the fourth quarter worth $145,000. Nuveen Asset Management LLC lifted its position in shares of Stellantis by 7.0% during the fourth quarter. Nuveen Asset Management LLC now owns 4,315,844 shares of the company's stock worth $56,265,000 after purchasing an additional 280,842 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Stellantis during the fourth quarter worth $111,000. Finally, Two Sigma Advisers LP lifted its position in shares of Stellantis by 8.4% during the fourth quarter. Two Sigma Advisers LP now owns 3,061,505 shares of the company's stock worth $39,953,000 after purchasing an additional 237,000 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STLA has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on Stellantis in a research report on Monday, September 8th. They set a "neutral" rating and a $10.10 target price for the company. BNP Paribas upgraded Stellantis to a "hold" rating in a research report on Tuesday, September 9th. Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and cut their price target for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and raised their price target for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $12.21.

Stellantis Stock Performance

Shares of Stellantis stock traded up $0.10 on Tuesday, reaching $9.73. 19,205,784 shares of the stock were exchanged, compared to its average volume of 11,877,294. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $16.29. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 2.85, a PEG ratio of 0.57 and a beta of 1.46. The business has a 50 day moving average price of $9.51 and a two-hundred day moving average price of $10.09. 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 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.