Bank of Montreal Can Sells 8,274,122 Shares of Stellantis N.V. $STLA

Bank of Montreal Can trimmed its position in Stellantis N.V. (NYSE:STLA) by 91.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 801,910 shares of the company’s stock after selling 8,274,122 shares during the period. Bank of Montreal Can’s holdings in Stellantis were worth $8,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. swisspartners Advisors Ltd grew its stake in shares of Stellantis by 10.1% in the second quarter. swisspartners Advisors Ltd now owns 771,520 shares of the company’s stock valued at $7,745,000 after acquiring an additional 71,000 shares in the last quarter. GAM Holding AG bought a new stake in Stellantis in the 2nd quarter valued at about $290,000. AustralianSuper Pty Ltd grew its position in shares of Stellantis by 18.1% during the 2nd quarter. AustralianSuper Pty Ltd now owns 12,568,936 shares of the company’s stock worth $126,002,000 after purchasing an additional 1,922,363 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Stellantis during the second quarter worth approximately $269,000. Finally, Banco Santander S.A. increased its holdings in shares of Stellantis by 10.5% during the second quarter. Banco Santander S.A. now owns 10,739,102 shares of the company’s stock worth $107,713,000 after purchasing an additional 1,023,509 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

STLA has been the subject of several recent research reports. BNP Paribas upgraded Stellantis to a “hold” rating in a research note on Tuesday, September 9th. BNP Paribas Exane started 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. Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.04.

Stellantis Trading Up 1.5%

Stellantis stock opened at $10.24 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28. The stock has a fifty day moving average of $10.01 and a 200-day moving average of $9.88.

About Stellantis

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.