Great Lakes Advisors LLC Boosts Holdings in Stellantis (NYSE:STLA)

Great Lakes Advisors LLC raised its holdings in Stellantis (NYSE:STLA) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,809 shares of the company’s stock after buying an additional 11,465 shares during the quarter. Great Lakes Advisors LLC’s holdings in Stellantis were worth $1,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STLA. Banco Santander S.A. grew its holdings in Stellantis by 282.2% in the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after buying an additional 5,359,190 shares during the period. Franklin Resources Inc. grew its holdings in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after purchasing an additional 3,121,462 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of 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 worth $45,618,000 after purchasing an additional 2,671,500 shares during the period. Finally, Conifer Management L.L.C. grew its holdings in shares of Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the subject of a number of research reports. TD Cowen initiated coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 target price for the company. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.84.

Stellantis Stock Up 4.7 %

NYSE STLA opened at $12.39 on Friday. The stock has a market cap of $37.44 billion, a PE ratio of 3.63 and a beta of 1.64. Stellantis has a fifty-two week low of $11.40 and a fifty-two week high of $29.51. The business has a 50 day moving average price of $13.06 and a two-hundred day moving average price of $13.57. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.