22,735 Shares in Stellantis (NYSE:STLA) Acquired by Caprock Group LLC

Caprock Group LLC bought a new position in shares of Stellantis (NYSE:STLA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,735 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STLA. Dnca Finance bought a new stake in Stellantis during the second quarter worth approximately $75,331,000. Janus Henderson Group PLC grew its position in Stellantis by 67.5% in the first quarter. Janus Henderson Group PLC now owns 5,518,060 shares of the company’s stock worth $157,558,000 after buying an additional 2,223,151 shares during the last quarter. AustralianSuper Pty Ltd grew its position in Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after buying an additional 1,894,146 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stellantis by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock worth $177,163,000 after buying an additional 1,425,814 shares during the last quarter. Finally, Electron Capital Partners LLC grew its position in Stellantis by 218.6% in the second quarter. Electron Capital Partners LLC now owns 1,803,506 shares of the company’s stock worth $35,800,000 after buying an additional 1,237,440 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 1.6 %

Stellantis stock opened at $13.05 on Friday. The company’s fifty day simple moving average is $13.77 and its 200-day simple moving average is $17.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 12 month low of $12.68 and a 12 month high of $29.51.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STLA shares. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI assumed coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price of $27.34.

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.