Cerity Partners LLC Has $672,000 Holdings in Stellantis N.V. (NYSE:STLA)

Cerity Partners LLC decreased its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 31.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,931 shares of the company's stock after selling 27,935 shares during the quarter. Cerity Partners LLC's holdings in Stellantis were worth $672,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares during the period. Norges Bank bought a new stake in shares of Stellantis in the 4th quarter worth approximately $609,076,000. Marshall Wace LLP raised its holdings in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after buying an additional 2,839,709 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Stellantis by 25.7% in the 4th quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company's stock worth $124,309,000 after buying an additional 1,958,142 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Up 5.7%

Shares of NYSE:STLA traded up $0.55 during midday trading on Friday, reaching $10.13. The company had a trading volume of 22,607,229 shares, compared to its average volume of 29,182,086. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The business's 50 day moving average price is $9.96 and its 200 day moving average price is $11.08. The stock has a market cap of $30.61 billion, a PE ratio of 2.97, a P/E/G ratio of 0.44 and a beta of 1.44. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $17.74.

Wall Street Analysts Forecast Growth

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

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.