Stellantis (NYSE:STLA) was upgraded by Altrius Capital Management Inc

Altrius Capital Management Inc raised its position in Stellantis (NYSE:STLA – Free Report) by 14.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,158 shares of the company’s stock after buying an additional 45,861 shares during the period. Stellantis makes up about 1.9% of Altrius Capital Management Inc’s investment portfolio, making the stock its 20th biggest holding. Altrius Capital Management Inc’s holdings in Stellantis were worth $7,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STLA. Vanguard Group Inc. boosted its holdings in shares of Stellantis by 1.2% in the first quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company’s stock worth $2,372,059,000 after buying an additional 972,232 shares during the period. Capital International Investors boosted its holdings in Stellantis by 329.3% in the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after purchasing an additional 17,261,955 shares in the last quarter. Capital World Investors boosted its holdings in Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after purchasing an additional 5,336,868 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Stellantis by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company’s stock valued at $326,380,000 after acquiring an additional 548,929 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Stellantis by 8.8% in the first quarter. Canada Pension Plan Investment Board now owns 9,795,347 shares of the company’s stock valued at $278,703,000 after purchasing an additional 793,843 shares in the last quarter. 59.48% of shares are owned by institutional investors.

Changes in Analyst Ratings

Several brokerages have recently issued reports on STLA. Sanford C. Bernstein began coverage on Stellantis in a report on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price on the stock. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Moderate Buy” and an average target price of $27.34, according to MarketBeat.

Get the latest report on STLA

Internal activity at Stellantis

In other Stellantis news, majority shareholder NV Stellantis purchased 2,982,089 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the purchase, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.02% of the company’s shares.

Stellantis trading up 0.8%

Shares of Stellantis stock opened at $15.22 on Thursday. Stellantis has a 12-month low of $14.76 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14, and a quick ratio of 0.85. The stock has a market cap of $47.67 billion, a PE ratio of 3.04, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63. The firm has a 50-day simple moving average of $16.88 and a 200-day simple moving average of $21.45.

Stellantis profile

(Free report)

Stellantis NV is engaged in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services and manufacturing systems worldwide. Offers luxury and premium vehicles; Sports utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing and rental services.

Further reading

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