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

Cambria Investment Management L.P. grew its holdings in Stellantis N.V. (NYSE:STLA) by 78.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 427,640 shares of the company’s stock after purchasing 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 quarter.

A number of other institutional investors also recently modified their holdings of STLA. AQR Capital Management LLC increased its position in shares of Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after buying an additional 33,429 shares during the period. Focus Partners Wealth boosted its position in shares of Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after acquiring an additional 4,135 shares during the period. Nisa Investment Advisors LLC purchased a new position in Stellantis during the second quarter valued at approximately $125,000. Envestnet Asset Management Inc. increased its holdings in Stellantis by 58.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock worth $1,696,000 after acquiring an additional 62,444 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Stellantis during the 2nd quarter worth approximately $269,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STLA has been the topic of several research analyst reports. Loop Capital set a $8.00 price target on shares of Stellantis in a report on Monday. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Morgan Stanley lowered Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price objective for the company. in a report on Tuesday, February 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $9.90 price objective on shares of Stellantis in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.31.

Stellantis Stock Down 0.2%

Shares of STLA stock opened at $7.48 on Thursday. The business has a 50-day moving average of $9.31 and a 200 day moving average of $9.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.02. Stellantis N.V. has a 1-year low of $7.03 and a 1-year high of $13.09.

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.