O Shaughnessy Asset Management LLC Has $1.31 Million Stock Position in Stellantis (NYSE:STLA)

O Shaughnessy Asset Management LLC decreased its stake in shares of Stellantis (NYSE:STLA - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,119 shares of the company's stock after selling 75,015 shares during the period. O Shaughnessy Asset Management LLC's holdings in Stellantis were worth $1,306,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Stellantis during the fourth quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Spire Wealth Management boosted its stake in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares during the period. Central Pacific Bank Trust Division grew its holdings 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 buying an additional 4,000 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in Stellantis in the 4th quarter worth approximately $85,000. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA traded down $0.04 during trading on Friday, reaching $8.88. The stock had a trading volume of 21,457,045 shares, compared to its average volume of 10,213,629. The stock has a market capitalization of $26.83 billion, a PE ratio of 2.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $8.39 and a 52 week high of $27.04. The business's 50-day moving average price is $12.14 and its 200 day moving average price is $12.86.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on STLA. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen started coverage on Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. Finally, TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.27.

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.