SG Americas Securities LLC Raises Holdings in Stellantis (NYSE:STLA)

SG Americas Securities LLC raised its stake in shares of Stellantis (NYSE:STLA) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 813,860 shares of the company’s stock after buying an additional 15,437 shares during the quarter. SG Americas Securities LLC’s holdings in Stellantis were worth $23,032,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of STLA. Vanguard Group Inc. lifted its stake in shares of Stellantis by 10.5% during the third quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock valued at $1,592,244,000 after buying an additional 7,883,816 shares during the period. Norges Bank purchased a new position in shares of Stellantis during the 4th quarter worth $832,785,000. Bank of New York Mellon Corp boosted its holdings in shares of Stellantis by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company’s stock worth $326,380,000 after purchasing an additional 548,929 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stellantis by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,514,872 shares of the company’s stock valued at $175,249,000 after purchasing an additional 214,654 shares during the period. Finally, TOMS Capital Investment Management LP acquired a new position in Stellantis in the fourth quarter valued at $106,339,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 0.2 %

Shares of NYSE:STLA traded up $0.05 during mid-day trading on Friday, hitting $20.31. 5,323,413 shares of the company traded hands, compared to its average volume of 5,799,809. Stellantis has a 52-week low of $17.57 and a 52-week high of $29.51. The firm’s 50 day simple moving average is $21.28 and its 200 day simple moving average is $23.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24.

Wall Street Analysts Forecast Growth

Several analysts have commented on STLA shares. Berenberg Bank restated a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Piper Sandler assumed coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target on the stock. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Morgan Stanley increased their target price on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein began coverage on Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.55.

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.