Stellantis (NYSE:STLA) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its position in shares of Stellantis (NYSE:STLA) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 357,900 shares of the company’s stock after acquiring an additional 22,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Stellantis were worth $4,671,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in STLA. Hennion & Walsh Asset Management Inc. increased its stake in Stellantis by 9.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 90,363 shares of the company’s stock valued at $1,179,000 after purchasing an additional 8,026 shares during the period. Accurate Wealth Management LLC grew its holdings in shares of Stellantis by 158.7% during the fourth quarter. Accurate Wealth Management LLC now owns 45,577 shares of the company’s stock worth $571,000 after buying an additional 27,962 shares during the last quarter. Persium Advisors LLC acquired a new position in Stellantis in the 4th quarter valued at about $263,000. Central Pacific Bank Trust Division increased its position in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after acquiring an additional 4,000 shares during the period. Finally, Franklin Resources Inc. raised its stake in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of STLA opened at $12.88 on Friday. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $14.90. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.34.

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.