ASR Vermogensbeheer N.V. Takes Position in Stellantis N.V. (NYSE:STLA)

Key Points

• ASR Vermogensbeheer N.V. has acquired 880,812 shares of Stellantis N.V., valued at approximately $9.76 million, during the first quarter of the year.
• Stellantis stock opened at $8.98 and has a market cap of $27.15 billion, with a 52-week price range from $8.39 to $16.92.
• Analysts are mixed on Stellantis, with the stock holding a consensus rating of "Hold" and an average target price of $12.74.

ASR Vermogensbeheer N.V. acquired a new position in Stellantis N.V. (NYSE:STLA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 880,812 shares of the company's stock, valued at approximately $9,764,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC grew its position in shares of Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after buying an additional 1,149 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares during the last quarter. Ballentine Partners LLC increased its holdings in Stellantis by 8.0% during the 1st quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock worth $199,000 after purchasing an additional 1,317 shares in the last quarter. Glenorchy Capital Ltd raised its position in Stellantis by 4.9% in the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after buying an additional 1,340 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in shares of Stellantis by 5.0% during the fourth quarter. Vise Technologies Inc. now owns 41,395 shares of the company's stock valued at $540,000 after purchasing an additional 1,965 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Stellantis stock opened at $8.98 on Thursday. 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 N.V. has a 52 week low of $8.39 and a 52 week high of $16.92. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 2.63, a PEG ratio of 0.45 and a beta of 1.45. The business has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $10.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on STLA shares. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and increased their target price for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Stellantis currently has a consensus rating of "Hold" and an average target price of $12.74.

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.

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