Empowered Funds LLC Has $612,000 Stake in Stellantis (NYSE:STLA)

Empowered Funds LLC lifted its position in shares of Stellantis (NYSE:STLA) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,925 shares of the company’s stock after purchasing an additional 2,731 shares during the period. Empowered Funds LLC’s holdings in Stellantis were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in STLA. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis during the fourth quarter worth about $26,000. Waldron Private Wealth LLC bought a new stake in shares of Stellantis during the third quarter worth about $33,000. Cromwell Holdings LLC grew its holdings in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after purchasing an additional 1,036 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Stellantis during the third quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Up 1.2 %

Shares of STLA stock opened at $14.22 on Wednesday. Stellantis has a one year low of $12.12 and a one year high of $29.51. The business’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $13.93. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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 vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.