Credit Industriel ET Commercial Raises Stake in Stellantis N.V. $STLA

Credit Industriel ET Commercial lifted its stake in shares of Stellantis N.V. (NYSE:STLA) by 11.4% during the second quarter, HoldingsChannel.com reports. The firm owned 140,002 shares of the company’s stock after purchasing an additional 14,339 shares during the period. Credit Industriel ET Commercial’s holdings in Stellantis were worth $1,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG purchased a new position in Stellantis in the first quarter valued at about $368,520,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Stellantis in the 1st quarter worth approximately $1,755,000. Amundi grew its holdings in shares of Stellantis by 6.4% in the 1st quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after acquiring an additional 4,708,200 shares during the period. LPL Financial LLC increased its stake in Stellantis by 32.6% in the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock valued at $2,740,000 after purchasing an additional 60,097 shares in the last quarter. Finally, Chou Associates Management Inc. raised its holdings in Stellantis by 206.0% during the first quarter. Chou Associates Management Inc. now owns 1,396,388 shares of the company’s stock worth $15,654,000 after purchasing an additional 940,000 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 1.5%

NYSE:STLA opened at $10.24 on Friday. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $14.28. The company’s 50-day moving average is $10.01 and its two-hundred day moving average is $9.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Analyst Ratings Changes

Several analysts have weighed in on the company. BNP Paribas Exane assumed coverage on Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price on the stock. Berenberg Bank upgraded shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and an average price target of $12.04.

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 vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.