AustralianSuper Increases Holdings in Stellantis

During the fourth quarter, AustralianSuper Pty Ltd expanded its stake in Stellantis (NYSE:STLA) by 34.3%, as reported in a recent filing with the Securities and Exchange Commission (SEC). After this acquisition, the firm now holds 12,210,877 shares in the company, including an additional 3,121,462 shares purchased during this timeframe. As of this filing, AustralianSuper’s ownership in Stellantis represents 0.40% of the company, valued at approximately $159,495,000.

Changes in Institutional Investor Positions

Several other institutional investors have also made adjustments to their holdings in Stellantis. FMR LLC increased its position in the company's shares by 4.9% during the third quarter, bringing its total to 3,137,594 shares worth roughly $44,083,000 after securing an additional 145,583 shares. Furthermore, Mediolanum International Funds Ltd lifted its stake by 17.4%, now owning 670,893 shares valued at $9,426,000, following a purchase of 99,388 shares.

Additionally, Four Tree Island Advisory LLC established a new investment in Stellantis valued at about $2,019,000 in the fourth quarter. World Investment Advisors LLC also made a new purchase during the third quarter, amounting to approximately $1,324,000. Meanwhile, Te Ahumairangi Investment Management Ltd raised its stake by 28.3%, now holding 537,996 shares worth $7,408,000 after buying an extra 118,635 shares. Overall, institutional investors own 59.48% of Stellantis’s shares.

Stellantis Stock Overview

As of the latest trading session on Friday, Stellantis shares opened at $13.54. The stock has recorded a 50-day moving average of $13.10 and a 200-day moving average of $14.02. The company’s financial ratios indicate a quick ratio of 0.85, a current ratio of 1.14, and a debt-to-equity ratio of 0.26. Over the past year, Stellantis stock reached a low of $12.12 and a high of $29.51.

Analyst Perspectives on Stellantis Stock

In related news, Evercore ISI initiated coverage of Stellantis on November 11th, giving the stock an "inline" rating. The consensus among seven research analysts who track Stellantis is a "Hold" rating, with three recommending a buy and one rating the stock as a strong buy. According to data from MarketBeat, the average price target for Stellantis is currently set at $27.34.

About Stellantis

Stellantis N.V. is involved in the design, engineering, manufacturing, distribution, and sales of a wide range of automobiles and light commercial vehicles. The company provides various types of vehicles including luxury and premium options, sport utility vehicles, both American and European brands, as well as related parts and services. It also offers retail and dealer financing, leasing, and rental services.

AustralianSuper, Stellantis, Shares