Stellantis (NYSE:STLA) Shares Purchased by Camelot Portfolios LLC

Camelot Portfolios LLC boosted its stake in shares of Stellantis (NYSE:STLA - Free Report) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,017 shares of the company's stock after acquiring an additional 21,379 shares during the quarter. Stellantis comprises 1.1% of Camelot Portfolios LLC's investment portfolio, making the stock its 27th biggest holding. Camelot Portfolios LLC's holdings in Stellantis were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in STLA. Franklin Resources Inc. lifted its holdings in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after buying an additional 3,252,492 shares during the period. AustralianSuper Pty Ltd increased its stake in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after purchasing an additional 3,121,462 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Stellantis by 464.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock valued at $45,618,000 after purchasing an additional 2,671,500 shares in the last quarter. Banco Santander S.A. purchased a new position in Stellantis in the 3rd quarter valued at approximately $26,679,000. Finally, Conifer Management L.L.C. increased its stake in Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock valued at $126,450,000 after purchasing an additional 1,880,000 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Evercore ISI started coverage on Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.34.

Stellantis Price Performance

Stellantis stock traded down $0.17 during mid-day trading on Friday, hitting $13.95. 8,185,504 shares of the company were exchanged, compared to its average volume of 10,763,956. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The business's 50 day simple moving average is $13.13 and its two-hundred day simple moving average is $13.91. Stellantis has a 12-month low of $12.12 and a 12-month 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.