Dimensional Fund Advisors LP Purchases 1,425,814 Shares of Stellantis (NYSE:STLA)

Dimensional Fund Advisors LP grew its position in Stellantis (NYSE:STLA) by 19.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,925,189 shares of the company’s stock after acquiring an additional 1,425,814 shares during the period. Dimensional Fund Advisors LP owned 0.28% of Stellantis worth $177,163,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock valued at $253,000 after acquiring an additional 430 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Stellantis by 3.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after purchasing an additional 463 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Stellantis by 5.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after purchasing an additional 562 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Stellantis by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its position in Stellantis by 2.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after purchasing an additional 660 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Performance

Shares of STLA opened at $15.01 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a 50-day moving average of $16.68 and a 200-day moving average of $21.33. The company has a market cap of $47.01 billion, a PE ratio of 3.00, a P/E/G ratio of 0.26 and a beta of 1.63. Stellantis has a one year low of $14.76 and a one year high of $29.51.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STLA. Sanford C. Bernstein began coverage on Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 target price for the company. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.34.

Insider Activity

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.02% of the stock is currently owned by company insiders.

Stellantis Company Profile

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.