Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $4.15 Million Stock Position in Stellantis (NYSE:STLA)

Posted by Defense World Staff on Aug 12th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Stellantis (NYSE:STLA – Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,174 shares of the company’s stock after buying an additional 5,135 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Stellantis were worth $4,150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STLA. Fifth Third Bancorp boosted its position in Stellantis by 484.4% in the first quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock valued at $31,000 after buying an additional 1,429 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Stellantis in the first quarter valued at approximately $56,000. Bessemer Group Inc. boosted its position in Stellantis by 183.5% in the fourth quarter. Bessemer Group Inc. now owns 4,646 shares of the company’s stock valued at $66,000 after buying an additional 3,007 shares in the last quarter. CWM LLC boosted its position in Stellantis by 121.8% in the first quarter. CWM LLC now owns 4,722 shares of the company’s stock valued at $86,000 after buying an additional 2,593 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Stellantis by 233.7% during the first quarter. HHM Wealth Advisors LLC now owns 5,005 shares of the company’s stock worth $91,000 after purchasing an additional 3,505 shares during the period. Institutional investors and hedge funds own 30.93% of the company’s stock.

Stellantis Stock Down 1.9 %

STLA opened at $18.41 on Friday. Stellantis has a 1-year low of $11.57 and a 1-year high of $20.71. The company has a quick ratio of 1.03, a current ratio of 1.29 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $17.97 and a two-hundred day moving average price of $17.31.

Wall Street Analyst Weigh In

STLA has been the topic of a number of recent research reports. Bank of America upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th. Jefferies Financial Group lifted their price target on shares of Stellantis from $22.90 to $25.30 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Citigroup lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.15.

View Our Latest Research Report on Stellantis

About Stellantis

(Free Report)

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 passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.