Rhumbline Advisers Lowers Position in Stellantis (NYSE:STLA)

Rhumbline Advisers trimmed its holdings in shares of Stellantis (NYSE:STLA) by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,241 shares of the company’s stock after selling 4,220 shares during the quarter. Rhumbline Advisers’ holdings in Stellantis were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new stake in shares of Stellantis during the 4th quarter valued at about $133,000. AustralianSuper Pty Ltd grew its stake in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after buying an additional 3,121,462 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of Stellantis in the 4th quarter worth $85,000. Howard Bailey Securities LLC purchased a new stake in shares of Stellantis during the 4th quarter valued at $133,000. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of Stellantis by 38.3% during the 4th quarter. Strengthening Families & Communities LLC now owns 42,338 shares of the company’s stock worth $552,000 after acquiring an additional 11,734 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Trading Down 0.0 %

Shares of STLA stock opened at $12.75 on Monday. 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 business has a 50-day moving average of $13.11 and a 200 day moving average of $13.70. The stock has a market capitalization of $38.53 billion, a PE ratio of 3.74 and a beta of 1.64. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen started coverage on Stellantis in a research note on Friday. They issued a “hold” rating and a $13.00 target price on the stock. Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis has a consensus rating of “Hold” and an average price target of $24.47.

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.