Boston Partners boosted its holdings in shares of Stellantis (NYSE:STLA – Free Report) by 158.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,845 shares of the company’s stock after purchasing an additional 135,902 shares during the quarter. Boston Partners’ holdings in Stellantis were worth $3,891,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management lifted its position in Stellantis by 81.1% in the second quarter. Spire Wealth Management now owns 2,680 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Smithfield Trust Co grew its holdings in shares of Stellantis by 284,200.0% during the first quarter. Smithfield Trust Co now owns 2,843 shares of the company’s stock worth $51,000 after purchasing an additional 2,842 shares during the last quarter. Bessemer Group Inc. increased its position in Stellantis by 183.5% in the 4th quarter. Bessemer Group Inc. now owns 4,646 shares of the company’s stock valued at $66,000 after acquiring an additional 3,007 shares in the last quarter. Allworth Financial LP raised its position in Stellantis by 42.9% in the 2nd quarter. Allworth Financial LP now owns 4,535 shares of the company’s stock worth $80,000 after purchasing an additional 1,361 shares during the last quarter. Finally, CWM LLC boosted its holdings in Stellantis by 121.8% in the first quarter. CWM LLC now owns 4,722 shares of the company’s stock valued at $86,000 after acquiring an additional 2,593 shares during the last quarter. Institutional investors and hedge funds own 28.17% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Stellantis from $22.90 to $25.30 and gave the company a “buy” rating in a research note on Monday, July 31st. Citigroup downgraded Stellantis from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 9th. Sanford C. Bernstein upgraded shares of Stellantis from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $18.50 to $26.40 in a research note on Wednesday, November 1st. Finally, Barclays assumed coverage on shares of Stellantis in a report on Monday, October 16th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.85.
Stellantis Stock Up 1.9 %
NYSE:STLA opened at $20.62 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.29 and a quick ratio of 1.03. Stellantis has a 1-year low of $13.71 and a 1-year high of $20.74. The stock has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $18.20.
Insider Transactions at Stellantis
In related news, major shareholder N.V. Stellantis purchased 12,313,234 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was acquired at an average price of $5.68 per share, with a total value of $69,939,169.12. Following the completion of the purchase, the insider now directly owns 31,048,137 shares in the company, valued at $176,353,418.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.02% of the company’s stock.
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 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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