Franklin Resources Inc. Buys 10,337,920 Shares of Stellantis N.V. $STLA

Franklin Resources Inc. boosted its holdings in Stellantis N.V. (NYSE:STLA) by 122.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,753,235 shares of the company’s stock after purchasing an additional 10,337,920 shares during the quarter. Franklin Resources Inc.’s holdings in Stellantis were worth $205,019,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Stellantis in the 4th quarter worth $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stellantis by 19.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after buying an additional 298,611 shares in the last quarter. Leonteq Securities AG purchased a new stake in Stellantis in the 4th quarter worth $77,209,000. Compagnie Lombard Odier SCmA increased its stake in Stellantis by 440.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after buying an additional 203,731 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in Stellantis in the 4th quarter worth $4,434,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 0.5%

Shares of NYSE STLA opened at $7.05 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market cap of $26.52 billion, a P/E ratio of 28.18, a PEG ratio of 0.46 and a beta of 1.41. Stellantis N.V. has a 1 year low of $6.28 and a 1 year high of $12.22. The firm has a 50-day simple moving average of $7.72 and a two-hundred day simple moving average of $8.77.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion during the quarter. Research analysts anticipate that Stellantis N.V. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STLA shares. Freedom Capital upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Loop Capital set a $8.00 price objective on Stellantis in a research report on Monday, March 2nd. Citigroup restated a “neutral” rating on shares of Stellantis in a research report on Tuesday. Finally, Bank of America lowered Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.91.

Trending Headlines about Stellantis

Here are the key news stories impacting Stellantis this week:

• Negative Sentiment: Stellantis is recalling more than 1.3 million Jeep SUVs and trucks worldwide after regulators and company reports flagged a power-steering defect that could overheat and increase fire risk; owners were also urged to park away from structures and other vehicles until repairs are completed. Article Title
• Negative Sentiment: The U.S. NHTSA said Stellantis is recalling 1,076,999 vehicles in the United States over a power-steering system defect that could raise fire risk, adding to concerns about safety, repair costs, and potential reputational damage. Article Title
• Negative Sentiment: Chrysler, a Stellantis brand, is also recalling vehicles whose electric hydraulic power steering pump wiring may overheat and catch fire, reinforcing the severity of the defect-related headlines. Article Title
• Neutral Sentiment: Stellantis also announced a billion-euro investment in Opel and was highlighted in an autonomous-vehicle test program with Bolt and Pony.ai, but these longer-term initiatives are likely being overshadowed by the recall news. Article Title Article Title

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.