Stellantis (NYSE:STLA) Shares Purchased by Cromwell Holdings LLC

Cromwell Holdings LLC lifted its stake in Stellantis (NYSE:STLA) by 126.7% in the 4th quarter, Holdings Channel reports. The firm owned 6,784 shares of the company’s stock after purchasing an additional 3,791 shares during the quarter. Cromwell Holdings LLC’s holdings in Stellantis were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd increased its holdings in Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after acquiring an additional 3,121,462 shares in the last quarter. Conifer Management L.L.C. increased its holdings in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after acquiring an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. increased its holdings in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares in the last quarter. Quadrature Capital Ltd increased its holdings in Stellantis by 30.4% during the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock valued at $47,752,000 after acquiring an additional 802,497 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in 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 valued at $45,618,000 after acquiring an additional 2,671,500 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Stellantis Stock Up 1.4 %

Shares of NYSE STLA opened at $14.11 on Friday. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. 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 company has a 50-day simple moving average of $13.13 and a 200-day simple moving average of $13.93.

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.