Hennessy Advisors Inc. Raises Stock Holdings in Stellantis (NYSE:STLA)

Hennessy Advisors Inc. raised its stake in Stellantis (NYSE:STLA - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 357,900 shares of the company's stock after buying an additional 22,800 shares during the period. Hennessy Advisors Inc.'s holdings in Stellantis were worth $4,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STLA. Evergreen Capital Management LLC boosted its position in shares of Stellantis by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company's stock valued at $819,000 after purchasing an additional 971 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Sfmg LLC boosted its position in shares of Stellantis by 0.5% during the 2nd quarter. Sfmg LLC now owns 238,759 shares of the company's stock valued at $4,739,000 after purchasing an additional 1,090 shares in the last quarter. Prospera Financial Services Inc raised its stake in Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company's stock worth $192,000 after buying an additional 1,192 shares during the period. Finally, Rhumbline Advisers raised its stake in Stellantis by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 25,081 shares of the company's stock worth $498,000 after buying an additional 2,070 shares during the period. Institutional investors own 59.48% of the company's stock.

Stellantis Trading Up 2.5 %

Shares of Stellantis stock traded up $0.32 on Friday, hitting $12.88. The company had a trading volume of 9,024,173 shares, compared to its average volume of 6,712,045. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The stock has a 50 day moving average of $13.04 and a 200-day moving average of $14.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Wall Street Analyst Weigh In

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