Stellantis (NYSE:STLA) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in Stellantis (NYSE:STLA) by 86.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,088 shares of the company’s stock after buying an additional 19,993 shares during the quarter. Aigen Investment Management LP’s holdings in Stellantis were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. raised its position in shares of Stellantis by 14.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 115,272 shares of the company’s stock valued at $1,620,000 after purchasing an additional 14,695 shares in the last quarter. Assetmark Inc. raised its holdings in Stellantis by 1.5% in the third quarter. Assetmark Inc. now owns 1,354,711 shares of the company’s stock valued at $19,034,000 after acquiring an additional 20,135 shares in the last quarter. swisspartners Advisors Ltd boosted its stake in Stellantis by 82.5% during the 3rd quarter. swisspartners Advisors Ltd now owns 622,100 shares of the company’s stock valued at $8,741,000 after acquiring an additional 281,240 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 26,072 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on STLA shares. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Down 1.4 %

STLA stock opened at $13.12 on Thursday. The stock has a market cap of $41.10 billion, a PE ratio of 4.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62. The firm’s 50-day simple moving average is $14.13 and its 200 day simple moving average is $17.73. Stellantis has a fifty-two week low of $12.74 and a fifty-two week high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.