Caprock Group LLC Increases Holdings in Stellantis (NYSE:STLA)

Caprock Group LLC lifted its position in Stellantis (NYSE:STLA) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,293 shares of the company’s stock after acquiring an additional 1,558 shares during the quarter. Caprock Group LLC’s holdings in Stellantis were worth $317,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd grew its position in Stellantis by 43.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 961,657 shares of the company’s stock worth $12,537,000 after purchasing an additional 290,764 shares during the last quarter. R Squared Ltd acquired a new position in shares of Stellantis in the 4th quarter valued at $86,000. Blue Trust Inc. boosted its stake in shares of Stellantis by 17.2% during the 4th quarter. Blue Trust Inc. now owns 38,041 shares of the company’s stock worth $534,000 after acquiring an additional 5,587 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Stellantis in the 4th quarter worth about $26,000. Finally, Sound Income Strategies LLC boosted its position in Stellantis by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock worth $4,145,000 after purchasing an additional 37,627 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Stellantis Trading Up 0.1 %

Shares of STLA stock opened at $12.95 on Friday. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $13.06 and its two-hundred day moving average is $14.23. The company has a market capitalization of $39.13 billion, a P/E ratio of 3.91, a price-to-earnings-growth ratio of 0.39 and a beta of 1.58.

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.