Great Lakes Advisors LLC lifted its position in shares of Stellantis (NYSE:STLA – Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,000 shares of the company’s stock after buying an additional 1,107 shares during the quarter. Great Lakes Advisors LLC’s holdings in Stellantis were worth $291,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its holdings in shares of Stellantis by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 83,579 shares of the company’s stock worth $1,187,000 after buying an additional 609 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Stellantis by 3.4% in the first quarter. Janiczek Wealth Management LLC now owns 22,637 shares of the company’s stock valued at $427,000 after purchasing an additional 738 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Stellantis by 4.4% during the first quarter. Ritholtz Wealth Management now owns 18,355 shares of the company’s stock valued at $334,000 after buying an additional 777 shares during the period. US Bancorp DE raised its holdings in shares of Stellantis by 3.2% in the first quarter. US Bancorp DE now owns 25,689 shares of the company’s stock worth $418,000 after buying an additional 802 shares during the period. Finally, Advisory Research Inc. grew its position in Stellantis by 5.5% in the 4th quarter. Advisory Research Inc. now owns 20,929 shares of the company’s stock valued at $297,000 after acquiring an additional 1,098 shares during the last quarter. Institutional investors own 30.93% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Bank of America raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 9th. Finally, Jefferies Financial Group boosted their price target on Stellantis from $22.90 to $25.30 and gave the company a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.15.
Stellantis Stock Down 0.2 %
NYSE STLA opened at $18.09 on Wednesday. The firm’s 50 day moving average price is $18.23 and its 200-day moving average price is $17.45. The company has a current ratio of 1.29, a quick ratio of 1.03 and a debt-to-equity ratio of 0.26. Stellantis has a 52-week low of $11.57 and a 52-week high of $20.71.
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 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.
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