Quantbot Technologies LP Has $10.65 Million Position in Stellantis (NYSE:STLA)

Quantbot Technologies LP grew its holdings in Stellantis (NYSE:STLA) by 199.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 536,306 shares of the company’s stock after buying an additional 357,396 shares during the quarter. Stellantis accounts for approximately 0.5% of Quantbot Technologies LP’s holdings, making the stock its 15th biggest holding. Quantbot Technologies LP’s holdings in Stellantis were worth $10,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in Stellantis in the fourth quarter worth about $631,000. Norges Bank acquired a new position in shares of Stellantis in the 4th quarter worth approximately $832,785,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Stellantis during the 4th quarter worth approximately $2,178,000. PNC Financial Services Group Inc. lifted its position in shares of Stellantis by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company’s stock worth $1,026,000 after buying an additional 1,915 shares during the period. Finally, Blankinship & Foster LLC acquired a new stake in Stellantis in the 4th quarter valued at $240,000. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Up 0.5 %

NYSE:STLA opened at $15.07 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $17.15 and its two-hundred day moving average price is $21.65. Stellantis has a 52-week low of $14.76 and a 52-week high of $29.51.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on STLA shares. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Barclays upgraded Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.34.

Insider Activity

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the transaction, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.02% of the stock is currently owned by insiders.

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.