Stellantis (NYSE:STLA) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its holdings in shares of Stellantis (NYSE:STLA) by 86.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,088 shares of the company’s stock after purchasing an additional 19,993 shares during the period. Aigen Investment Management LP’s holdings in Stellantis were worth $605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Stellantis by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after acquiring an additional 562 shares during the period. Empowered Funds LLC raised its stake in shares of Stellantis by 256.5% in the 1st quarter. Empowered Funds LLC now owns 33,756 shares of the company’s stock worth $955,000 after buying an additional 24,288 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Stellantis by 39.2% in the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after buying an additional 60,177 shares during the period. US Bancorp DE boosted its stake in Stellantis by 4.0% during the first quarter. US Bancorp DE now owns 90,883 shares of the company’s stock valued at $2,572,000 after buying an additional 3,521 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Stellantis during the first quarter worth about $201,000. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STLA shares. Evercore ISI assumed coverage on shares of Stellantis in a report on Monday. They issued an “inline” rating for the company. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Down 1.4 %

NYSE STLA opened at $13.12 on Thursday. Stellantis has a one year low of $12.74 and a one year high of $29.51. The firm has a market cap of $41.10 billion, a PE ratio of 4.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $14.13 and its 200 day simple moving average is $17.73.

About Stellantis

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.