Stellantis N.V. $STLA Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Stellantis N.V. (NYSE:STLA) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,070 shares of the company’s stock after acquiring an additional 3,885 shares during the period. Advisors Asset Management Inc.’s holdings in Stellantis were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis during the fourth quarter worth about $29,000. GAMMA Investing LLC grew its stake in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Stellantis in the first quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 1,167 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after buying an additional 2,200 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Down 1.8%

Shares of NYSE:STLA opened at $8.76 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $26.47 billion, a P/E ratio of 2.57, a P/E/G ratio of 0.53 and a beta of 1.46. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $16.29. The stock’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $10.21.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. Bank of America lowered Stellantis from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. Wolfe Research downgraded Stellantis from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. BNP Paribas Exane initiated coverage on Stellantis in a report on Monday. They issued a “neutral” rating and a $10.10 price target for the company. Finally, Jefferies Financial Group raised Stellantis from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Stellantis currently has a consensus rating of “Reduce” and an average price target of $12.21.

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.