Empowered Funds LLC Raises Stock Position in Stellantis (NYSE:STLA)

Empowered Funds LLC lifted its stake in Stellantis (NYSE:STLA) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,194 shares of the company’s stock after purchasing an additional 4,925 shares during the period. Empowered Funds LLC’s holdings in Stellantis were worth $621,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its stake in shares of Stellantis by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after buying an additional 43,159 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after acquiring an additional 1,894,146 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Stellantis by 19.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock valued at $177,163,000 after acquiring an additional 1,425,814 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Stellantis by 67.5% during the 1st quarter. Janus Henderson Group PLC now owns 5,518,060 shares of the company’s stock valued at $157,558,000 after purchasing an additional 2,223,151 shares during the last quarter. Finally, Dnca Finance bought a new stake in shares of Stellantis in the 2nd quarter worth $75,331,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

STLA opened at $13.05 on Friday. The firm has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $17.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $12.68 and a 52 week high of $29.51.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.34.

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.