Cambria Investment Management L.P. Boosts Stake in Stellantis N.V. $STLA

Cambria Investment Management L.P. grew its stake in shares of Stellantis N.V. (NYSE:STLA) by 78.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 427,640 shares of the company’s stock after buying an additional 187,750 shares during the period. Cambria Investment Management L.P.’s holdings in Stellantis were worth $3,994,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI raised its position in shares of Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after purchasing an additional 1,186 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Stellantis by 2.1% during the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after buying an additional 1,193 shares in the last quarter. Straightline Group LLC increased its stake in shares of Stellantis by 5.0% in the second quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after buying an additional 1,352 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Stellantis by 10.2% in the third quarter. Blue Trust Inc. now owns 19,258 shares of the company’s stock worth $180,000 after buying an additional 1,780 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Stellantis by 8.7% in the third quarter. SBI Securities Co. Ltd. now owns 22,138 shares of the company’s stock valued at $207,000 after acquiring an additional 1,781 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on STLA. HSBC reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Loop Capital set a $8.00 target price on shares of Stellantis in a research note on Monday, March 2nd. Wolfe Research raised shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Finally, Freedom Capital cut Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.12.

Stellantis Stock Up 0.1%

NYSE:STLA opened at $6.51 on Friday. The business’s fifty day moving average price is $8.38 and its 200 day moving average price is $9.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74. Stellantis N.V. has a 1-year low of $6.38 and a 1-year high of $12.51.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.