Mesirow Financial Investment Management Inc. Purchases 3,520 Shares of Stellantis (NYSE:STLA)

Mesirow Financial Investment Management Inc. boosted its position in Stellantis (NYSE:STLA) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 118,792 shares of the company’s stock after acquiring an additional 3,520 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Stellantis were worth $1,550,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STLA. Geneos Wealth Management Inc. bought a new stake in Stellantis during the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new stake in shares of Stellantis during the 3rd quarter valued at $47,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Spire Wealth Management lifted its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after purchasing an additional 4,000 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STLA has been the topic of several analyst reports. TD Cowen began coverage on Stellantis in a research report on Friday. They set a “hold” rating and a $13.00 price target on the stock. Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.47.

Stellantis Stock Down 0.0 %

STLA stock opened at $12.75 on Friday. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51. The stock has a market cap of $38.53 billion, a price-to-earnings ratio of 3.74 and a beta of 1.64. 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’s 50 day moving average is $13.11 and its 200 day moving average is $13.76.

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.