Adero Partners LLC Invests $144,000 in Stellantis (NYSE:STLA)

Adero Partners LLC purchased a new position in shares of Stellantis (NYSE:STLA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,039 shares of the company’s stock, valued at approximately $144,000.

Several other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd lifted its stake in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after buying an additional 1,894,146 shares in the last quarter. Conifer Management L.L.C. lifted its stake in shares of Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the period. Franklin Resources Inc. lifted its stake in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Stellantis by 30.4% during the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after purchasing an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Up 0.1 %

Shares of NYSE STLA opened at $12.95 on Friday. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The company has a market cap of $39.13 billion, a P/E ratio of 3.91, a P/E/G ratio of 0.39 and a beta of 1.58. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $13.06 and a 200 day moving average price of $14.23.

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.