Greenhaven Associates Inc. Acquires 6,000 Shares of Stellantis N.V. $STLA

Greenhaven Associates Inc. grew its holdings in Stellantis N.V. (NYSE:STLA) by 20.0% in the second quarter, HoldingsChannel reports. The fund owned 36,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Stellantis accounts for 0.0% of Greenhaven Associates Inc.’s portfolio, making the stock its 24th largest position. Greenhaven Associates Inc.’s holdings in Stellantis were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STLA. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the fourth quarter valued at about $29,000. GAMMA Investing LLC grew its stake in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after buying an additional 2,538 shares in the last quarter. SVB Wealth LLC acquired a new stake in Stellantis during the first quarter worth about $35,000. Farther Finance Advisors LLC grew its stake in Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after buying an additional 1,167 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 2.3%

Shares of NYSE STLA opened at $9.35 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The company has a market cap of $28.27 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 0.55 and a beta of 1.46. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.29. The stock has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $10.11.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STLA. BNP Paribas Exane began coverage on shares of Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective on the stock. Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. BNP Paribas upgraded shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Jefferies Financial Group upgraded shares of Stellantis from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Zacks Research downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Stellantis currently has an average rating of “Reduce” and a consensus target price of $12.21.

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.