Stellantis (NYSE:STLA) Shares Acquired by Conifer Management L.L.C.

Conifer Management L.L.C. boosted its position in Stellantis (NYSE:STLA) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000,000 shares of the company’s stock after buying an additional 1,880,000 shares during the quarter. Stellantis accounts for approximately 13.5% of Conifer Management L.L.C.’s holdings, making the stock its 4th biggest holding. Conifer Management L.L.C.’s holdings in Stellantis were worth $126,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STLA. Canada Pension Plan Investment Board boosted its stake in shares of Stellantis by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock valued at $194,755,000 after buying an additional 43,159 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after acquiring an additional 1,894,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Stellantis by 19.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock valued at $177,163,000 after acquiring an additional 1,425,814 shares during the last quarter. Dnca Finance acquired a new position in Stellantis during the 2nd quarter worth $75,331,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Stellantis by 464.4% in 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 last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Up 1.4 %

STLA traded up $0.18 during trading on Thursday, reaching $12.79. 6,365,627 shares of the company were exchanged, compared to its average volume of 7,004,137. Stellantis has a 52 week low of $12.57 and a 52 week high of $29.51. 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 firm has a 50 day moving average of $13.68 and a 200 day moving average of $17.09.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays cut 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 report on Wednesday, July 31st. Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.34.

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.