Ruffer LLP Grows Stock Holdings in Stellantis (NYSE:STLA)

Ruffer LLP grew its position in shares of Stellantis (NYSE:STLA - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,479,686 shares of the company's stock after buying an additional 581,386 shares during the quarter. Ruffer LLP's holdings in Stellantis were worth $19,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STLA. Geneos Wealth Management Inc. bought a new stake in Stellantis in the fourth quarter worth about $26,000. Darwin Wealth Management LLC bought a new position in Stellantis during the third quarter valued at $47,000. MassMutual Private Wealth & Trust FSB increased its position in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after buying an additional 1,489 shares during the last quarter. Spire Wealth Management increased its holdings in Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its stake 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. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen began coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They set a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.47.

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Stellantis Price Performance

Shares of Stellantis stock traded down $0.49 on Thursday, hitting $11.84. 19,374,804 shares of the company traded hands, compared to its average volume of 13,493,552. The stock has a market capitalization of $35.78 billion, a P/E ratio of 3.47 and a beta of 1.64. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. 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 has a 50-day simple moving average of $13.08 and a 200 day simple moving average of $13.63.

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.