Stellantis (NYSE:STLA) Shares Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc grew its stake in Stellantis (NYSE:STLA) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,361 shares of the company’s stock after buying an additional 95,238 shares during the period. Stellantis accounts for 2.1% of Altrius Capital Management Inc’s investment portfolio, making the stock its 8th largest holding. Altrius Capital Management Inc’s holdings in Stellantis were worth $7,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Stellantis in the third quarter valued at $178,000. First Trust Direct Indexing L.P. lifted its stake in Stellantis by 5.6% in the third quarter. First Trust Direct Indexing L.P. now owns 69,774 shares of the company’s stock valued at $980,000 after buying an additional 3,711 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after purchasing an additional 1,894,146 shares during the period. Farther Finance Advisors LLC increased its position in Stellantis by 176.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 40,839 shares of the company’s stock worth $574,000 after purchasing an additional 26,072 shares during the period. Finally, swisspartners Advisors Ltd raised its stake in shares of Stellantis by 82.5% during the 3rd quarter. swisspartners Advisors Ltd now owns 622,100 shares of the company’s stock worth $8,741,000 after buying an additional 281,240 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis currently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Stock Down 5.2 %

Stellantis stock opened at $12.61 on Friday. The stock has a fifty day moving average price of $13.16 and a 200 day moving average price of $13.87. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51.

Stellantis 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.