Camelot Portfolios LLC Raises Stake in Stellantis (NYSE:STLA)

Camelot Portfolios LLC boosted its stake in shares of Stellantis (NYSE:STLA) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,017 shares of the company’s stock after buying an additional 21,379 shares during the quarter. Stellantis makes up 1.1% of Camelot Portfolios LLC’s portfolio, making the stock its 27th largest position. Camelot Portfolios LLC’s holdings in Stellantis were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in STLA. FMR LLC grew its position in shares of Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after buying an additional 145,583 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock worth $9,426,000 after acquiring an additional 99,388 shares during the period. Four Tree Island Advisory LLC purchased a new stake in Stellantis in the fourth quarter worth about $2,019,000. World Investment Advisors LLC bought a new position in Stellantis during the 3rd quarter worth about $1,324,000. Finally, Te Ahumairangi Investment Management Ltd increased its position in Stellantis by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after purchasing an additional 118,635 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Down 1.2 %

Shares of Stellantis stock opened at $13.95 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $42.16 billion, a P/E ratio of 4.20 and a beta of 1.58. The firm’s 50 day moving average price is $13.13 and its 200-day moving average price is $13.92. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Stellantis has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis 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.